Plantronics (PLT) Earning Somewhat Positive Press Coverage, Study Shows
Press coverage about Plantronics (NYSE:PLT) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Plantronics earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.7141099410389 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Plantronics : Launches BackBeat FIT Family to Fuel Your Workout at Any Level (4-traders.com)
- Plantronics Launches BackBeat FIT Family to Fuel Your Workout at Any Level (finance.yahoo.com)
- Comparing Finisar Corporation (FNSR) & Plantronics (PLT) (americanbankingnews.com)
- Plantronics, Inc. (PLT) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
Plantronics (PLT) traded up 1.30% during midday trading on Friday, reaching $43.56. The company’s stock had a trading volume of 113,760 shares. Plantronics has a 1-year low of $41.28 and a 1-year high of $58.27. The stock’s 50-day moving average price is $42.96 and its 200 day moving average price is $50.80. The firm has a market capitalization of $1.42 billion, a PE ratio of 17.71 and a beta of 1.26.
Plantronics (NYSE:PLT) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). The business had revenue of $203.90 million for the quarter, compared to analysts’ expectations of $217.11 million. Plantronics had a return on equity of 21.31% and a net margin of 9.40%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. Equities analysts anticipate that Plantronics will post $2.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Wednesday, August 16th. Plantronics’s dividend payout ratio (DPR) is 24.29%.
Plantronics announced that its Board of Directors has initiated a share buyback program on Thursday, July 27th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of equities research analysts recently weighed in on PLT shares. Northland Securities set a $57.00 price objective on Plantronics and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut Plantronics from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. TheStreet cut Plantronics from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. J P Morgan Chase & Co cut Plantronics from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $63.00 to $60.00 in a research note on Friday, July 28th. Finally, BidaskClub cut Plantronics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Plantronics has a consensus rating of “Hold” and a consensus price target of $58.25.
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Plantronics, Inc (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets.
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