NYSE:PLT has received a rating of ‘hold’ from several of the research firms that are currently covering it. According to MarketBeat, one of the research analysts decided to rate the stock with a recommendation for ‘sale’, while three others have issued a ‘hold’, and three more have recommended a ‘buy’ option for the company. The average price objective for 1 year settled between analysts that have already issued several ratings is $18.40.
NYSE:PLT has already been the subject of several research analysis reports. Several groups like Zacks Investment Research did upgrade NYSE:PLT from a rating of ‘hold’, to a ‘buy’, where the price target for the company had been set at $22.00- according to a research report that was published on the 5th of August. Sidoti, too, began upgrades of NYSE:PLT from ‘neutral’ to ‘buy’- something that was reported on the 3rd of September. JPMorgan Chase followed suit, upgrading the firm from ‘underweight’, to ‘neutral’- with the target price of $19.00. This move was actually something of a valuation call- as ValuEngine started downgrading NYSE:PLT from ‘buy’ to ‘hold’.
The NYSE:PLT stock then opened up at $13.61 on a Friday, and the company started developing a quick ratio of 1.01- and a current ratio of 1.36. The debt-to-equity ratio has been set at 2.76. With a market capitalization of $554.53 million, the firm also has a beta of 1.93, and a PE ratio of -0.65. NYSE:PLT had a 12 month low of $4.60, but the 12 month high was fixed at $42.44. The simple moving average for 50-day for this firm is $12.86, while the simple moving average for 200-day is $13.95.
The Quarterly Earnings of NYSE:PLT
The quarterly earnings for NYSE:PLT was published on the 28th of July. The company had reported EPS of $0.33 for this quarter, which comprehensively beat the consensus estimate ($0.34). The revenue that this business had was $365 million which was more than the analysts’ sum of $353 million. The firm also had a quite a positive run on its return to equity- 17.30%, with a negative net margin set at 52.48%. Sadly, NYSE:PLT’s revenue for this quarter was almost down by 18.5% when compared to this quarter the previous year. In the same quarter, the firm had earned an EPS around $1.32. On an average the research analysts did anticipate that NYSE:PLT would be posting an EPS of around 0.95 in this year.
Plantronics (NYSE:PLT) Company Profile
NYSE:PLT has been designing, manufacturing, and dealing in markets integrated communication systems for quite some time now. They also collaborate solutions for certain consumers, and several businesses throughout the world.
NYSE:PLT has been quite famous for offering its collaboration solutions and communication settings for voice, content, and video sharing- along with a complete line of support and services for several workplaces that are presently under the brand of Polycom.