News coverage about Plantronics (NYSE:PLT) has trended somewhat positive on Saturday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Plantronics earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 47.2650536774284 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Plantronics from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub downgraded shares of Plantronics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co downgraded shares of Plantronics from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $63.00 to $60.00 in a research note on Friday, July 28th. TheStreet downgraded shares of Plantronics from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. Finally, Northland Securities set a $57.00 price objective on shares of Plantronics and gave the stock a “buy” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Plantronics has an average rating of “Hold” and a consensus target price of $57.33.

Shares of Plantronics (PLT) traded down $1.30 during trading hours on Friday, reaching $51.09. 293,875 shares of the company were exchanged, compared to its average volume of 212,366. The company has a quick ratio of 6.41, a current ratio of 6.44 and a debt-to-equity ratio of 1.27. The company has a market cap of $1.74 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.51 and a beta of 1.24.

Plantronics announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 27th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. Plantronics’s dividend payout ratio is currently 24.69%.

ILLEGAL ACTIVITY NOTICE: “Plantronics (PLT) Receives Coverage Optimism Rating of 0.23” was first reported by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at

Plantronics Company Profile

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.

Insider Buying and Selling by Quarter for Plantronics (NYSE:PLT)

Receive News & Ratings for Plantronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plantronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.