Stock analysts at Roth Capital cut their price objective on shares of Plantronics (NYSE:PLT) from $53.00 to $50.00 in a report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Roth Capital’s target price points to a potential upside of 17.23% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of Plantronics from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $52.00 price target on the stock. Separately, analysts at Northland Securities raised their price target on shares of Plantronics from $51.00 to $53.00 in a research note to investors on Tuesday, October 15th. Finally, analysts at Northland Capital Partners raised their price target on shares of Plantronics from $51.00 to $53.00 in a research note to investors on Tuesday, October 15th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $51.36.
Plantronics (NYSE:PLT) traded down 13.63% on Wednesday, hitting $42.65. The stock had a trading volume of 1,333,683 shares. Plantronics has a 52 week low of $30.90 and a 52 week high of $48.53. The stock’s 50-day moving average is $46.91 and its 200-day moving average is $45.70. The company has a market cap of $1.821 billion and a P/E ratio of 19.30.
Plantronics (NYSE:PLT) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.01. The company had revenue of $194.00 million for the quarter, compared to the consensus estimate of $195.80 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that Plantronics will post $2.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Monday, November 18th.
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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