Wall Street analysts expect that Plantronics Inc (NYSE:PLT) will report earnings per share of $0.79 for the current quarter, Zacks reports. Four analysts have provided estimates for Plantronics’ earnings. The lowest EPS estimate is $0.76 and the highest is $0.81. Plantronics also posted earnings of $0.79 per share in the same quarter last year. The business is expected to issue its next earnings report after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that Plantronics will report full year earnings of $3.09 per share for the current year, with EPS estimates ranging from $3.04 to $3.14. For the next year, analysts forecast that the business will report earnings of $3.41 per share, with EPS estimates ranging from $3.33 to $3.50. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Plantronics.

Plantronics (NYSE:PLT) last posted its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. Plantronics had a return on equity of 20.12% and a net margin of 9.41%.

Several research analysts recently weighed in on the company. Northland Securities set a $60.00 price target on Plantronics and gave the company a “buy” rating in a research report on Friday, January 12th. TheStreet raised Plantronics from a “c+” rating to a “b” rating in a research report on Friday, November 24th. Sidoti raised Plantronics from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, January 2nd. Roth Capital set a $55.00 price target on Plantronics and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised Plantronics from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $58.75.

Plantronics (NYSE PLT) traded up $0.45 during trading hours on Friday, reaching $55.07. The company had a trading volume of 112,256 shares, compared to its average volume of 127,020. The firm has a market capitalization of $1,806.07, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.66 and a beta of 1.31. Plantronics has a 52-week low of $41.28 and a 52-week high of $58.27. The company has a quick ratio of 5.90, a current ratio of 6.44 and a debt-to-equity ratio of 1.27.

In other Plantronics news, Director Maria Martinez sold 2,874 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $51.25, for a total value of $147,292.50. Following the transaction, the director now owns 7,389 shares in the company, valued at $378,686.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Hart sold 21,083 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $52.56, for a total value of $1,108,122.48. Following the completion of the transaction, the director now owns 11,094 shares in the company, valued at approximately $583,100.64. The disclosure for this sale can be found here. Insiders sold 27,145 shares of company stock worth $1,420,777 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PLT. Koch Industries Inc. grew its stake in Plantronics by 6,554.8% in the second quarter. Koch Industries Inc. now owns 248,691 shares of the technology company’s stock valued at $244,000 after purchasing an additional 244,954 shares in the last quarter. Renaissance Technologies LLC grew its stake in Plantronics by 223.7% in the second quarter. Renaissance Technologies LLC now owns 296,500 shares of the technology company’s stock valued at $15,510,000 after purchasing an additional 204,900 shares in the last quarter. Citadel Advisors LLC grew its stake in Plantronics by 173.5% in the third quarter. Citadel Advisors LLC now owns 161,787 shares of the technology company’s stock valued at $7,154,000 after purchasing an additional 102,631 shares in the last quarter. Dean Investment Associates LLC purchased a new position in Plantronics in the third quarter valued at about $2,968,000. Finally, Macquarie Group Ltd. grew its stake in Plantronics by 16.4% in the second quarter. Macquarie Group Ltd. now owns 473,522 shares of the technology company’s stock valued at $24,770,000 after purchasing an additional 66,655 shares in the last quarter. Hedge funds and other institutional investors own 90.89% 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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