Plantronics, Inc. (NYSE:PLT) Given Price Target Of $55


As per Plantronics, Inc. (NYSE:PLT)’s news release on 2016-08-03, its shareholders will get cash dividend of $0.15 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-19 and 2016-09-09, respectively.

The stock will commence trading ex-dividend from 2016-08-17, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Plantronics, Inc. (NYSE:PLT) disbursed $0.15 in dividend compared to distribution of $0.15, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Plantronics, Inc. (NYSE:PLT) to attain a price target of $55. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $56. The low price range is set at $54 for next year while the arithmetic mean is seen at 1.5.

Eyeing Earnings Plantronics, Inc. (NYSE:PLT) is likely to post quarterly numbers around 2016-11-01 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.57 for the period ending on 2016-09-30.

In last quarter ended 2016-03-31, Plantronics, Inc. (NYSE:PLT) earnings came at $0.6 suggesting a deviation of $0.1. The brokerages targeted EPS of $0.5 for the quarter.

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