Plantronics (PLT) Set to Announce Quarterly Earnings on Tuesday
Plantronics (NYSE:PLT) is set to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Plantronics has set its Q1 guidance at $1.00-1.30 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Plantronics (NYSE:PLT) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.22. The firm had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $481.43 million. Plantronics had a negative net margin of 8.10% and a positive return on equity of 19.98%. The business’s quarterly revenue was up 125.9% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS.
Plantronics stock opened at $37.69 on Tuesday. The firm’s fifty day moving average is $38.46. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.14 and a current ratio of 1.48. The stock has a market cap of $1.50 billion, a PE ratio of 9.42 and a beta of 1.44. Plantronics has a fifty-two week low of $30.90 and a fifty-two week high of $73.00.
In related news, insider Jeff Loebbaka sold 1,334 shares of Plantronics stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $44.03, for a total value of $58,736.02. Following the transaction, the insider now owns 39,292 shares in the company, valued at approximately $1,730,026.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles D. Boynton bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $42.80 per share, for a total transaction of $85,600.00. Following the transaction, the insider now owns 36,611 shares in the company, valued at $1,566,950.80. The disclosure for this purchase can be found here. 1.70% of the stock is owned by company insiders.
Plantronics Company Profile
Plantronics, Inc designs, manufactures, and markets integrated communications and collaborations solutions for consumers and businesses worldwide. The company offers its communications and collaboration solutions for voice, video, and content sharing, as well as a line of support and services for the workplace under the Polycom brand.
See Also: Cost of Goods Sold (COGS)
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