Plantronics (PLT) Trended Somewhat Negative Press Coverage, Analysis Shows

Plantronics (PLT) Trended Somewhat Negative Press Coverage, Analysis Shows

News articles about Plantronics (NYSE:PLT) have been trending somewhat negative recently, Alpha One reports. Alpha One, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plantronics earned a media sentiment score of -0.12 on Alpha One’s scale. Alpha One also assigned news stories about the technology company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Alpha One’s analysis:

A number of equities analysts recently weighed in on PLT shares. Zacks Investment Research cut Plantronics from a “hold” rating to a “sell” rating in a report on Tuesday, February 7th. JPMorgan Chase & Co. raised Plantronics from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $59.00 to $63.00 in a report on Thursday.

Plantronics (PLT) opened at 55.33 on Friday. The company has a 50-day moving average price of $54.01 and a 200-day moving average price of $54.09. Plantronics has a 12-month low of $40.81 and a 12-month high of $58.27. The firm has a market cap of $1.78 billion, a PE ratio of 22.04 and a beta of 1.57.

Plantronics (NYSE:PLT) last announced its quarterly earnings data on Monday, May 1st. The technology company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. Plantronics had a net margin of 8.62% and a return on equity of 23.07%. The firm had revenue of $208.95 million during the quarter, compared to the consensus estimate of $217.11 million. During the same quarter last year, the firm earned $0.64 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. On average, equities analysts predict that Plantronics will post $3.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.08%. Plantronics’s payout ratio is 25.86%.

In other news, Director Marvin Tseu sold 3,546 shares of Plantronics stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $54.50, for a total transaction of $193,257.00. Following the completion of the sale, the director now directly owns 20,084 shares in the company, valued at approximately $1,094,578. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Marshall Mohr sold 3,000 shares of Plantronics stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $53.14, for a total transaction of $159,420.00. Following the sale, the director now owns 22,384 shares of the company’s stock, valued at $1,189,485.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,735 shares of company stock valued at $531,357. Insiders own 4.20% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PLT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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