Plantronics (NYSE:PLT) CEO S Kenneth Kannappan sold 18,503 shares of Plantronics stock on the open market in a transaction that occured on Tuesday, August 13th. The shares were sold at an average price of $44.63, for a total value of $825,788.89. Following the sale, the chief executive officer now directly owns 143,927 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Plantronics (NYSE:PLT) traded up 0.65% on Tuesday, hitting $44.79. Plantronics has a 1-year low of $30.90 and a 1-year high of $48.53. The stock’s 50-day moving average is currently $46.27. The company has a market cap of $1.912 billion and a price-to-earnings ratio of 17.39.
Plantronics (NYSE:PLT) last announced its earnings results on Tuesday, August 6th. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $202.80 million for the quarter, compared to the consensus estimate of $201.25 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that Plantronics will post $2.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, August 16th.
Plantronics, Inc is a designer, manufacturer and marketer of lightweight communications headsets, telephone headset systems and accessories for the worldwide business and consumer markets under the Plantronics brand.
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