Wall Street brokerages forecast that Plantronics Inc (NYSE:PLT) will announce earnings of $0.82 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Plantronics’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.83. Plantronics reported earnings per share of $0.81 in the same quarter last year, which would suggest a positive year over year growth rate of 1.2%. The business is expected to issue its next earnings report on Monday, May 7th.

On average, analysts expect that Plantronics will report full-year earnings of $3.33 per share for the current fiscal year, with EPS estimates ranging from $3.31 to $3.35. For the next year, analysts expect that the company will post earnings of $3.51 per share, with EPS estimates ranging from $3.50 to $3.52. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Plantronics.

Plantronics (NYSE:PLT) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.23. The company had revenue of $226.50 million for the quarter, compared to analysts’ expectations of $220.17 million. Plantronics had a net margin of 1.03% and a return on equity of 22.22%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share.

Several equities research analysts recently commented on the stock. Sidoti raised shares of Plantronics from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, January 2nd. TheStreet cut shares of Plantronics from a “b” rating to a “c” rating in a research report on Friday. Roth Capital boosted their price objective on shares of Plantronics from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, Northland Securities set a $60.00 price objective on shares of Plantronics and gave the company a “buy” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Plantronics currently has an average rating of “Hold” and a consensus price target of $60.00.

Plantronics (PLT) traded up $0.85 on Tuesday, reaching $56.31. 249,250 shares of the company traded hands, compared to its average volume of 188,882. The company has a market cap of $1,850.00, a PE ratio of 255.95, a P/E/G ratio of 1.52 and a beta of 1.36. Plantronics has a 1-year low of $41.28 and a 1-year high of $60.49. The company has a quick ratio of 6.16, a current ratio of 6.76 and a debt-to-equity ratio of 1.50.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Tuesday, February 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.60 annualized dividend and a yield of 1.07%. Plantronics’s payout ratio is currently 272.73%.

In other Plantronics news, Director Brian S. Dexheimer sold 2,500 shares of Plantronics stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $58.52, for a total value of $146,300.00. Following the sale, the director now directly owns 18,002 shares in the company, valued at approximately $1,053,477.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Hart sold 21,083 shares of Plantronics stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $52.56, for a total transaction of $1,108,122.48. Following the completion of the sale, the director now owns 11,094 shares in the company, valued at $583,100.64. The disclosure for this sale can be found here. Insiders sold a total of 29,851 shares of company stock worth $1,615,252 over the last quarter. Company insiders own 3.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PLT. C M Bidwell & Associates Ltd. acquired a new position in shares of Plantronics during the 4th quarter worth about $195,000. M&T Bank Corp increased its stake in shares of Plantronics by 13.9% during the 2nd quarter. M&T Bank Corp now owns 4,484 shares of the technology company’s stock worth $235,000 after purchasing an additional 546 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Plantronics during the 2nd quarter worth about $243,000. Koch Industries Inc. increased its stake in shares of Plantronics by 6,554.8% during the 2nd quarter. Koch Industries Inc. now owns 248,691 shares of the technology company’s stock worth $244,000 after purchasing an additional 244,954 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of Plantronics by 5.0% during the 2nd quarter. Amalgamated Bank now owns 4,788 shares of the technology company’s stock worth $250,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

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About Plantronics

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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