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Last $58.55 USD
Change Today +0.99 / 1.72%
Volume 146.6K
PLT On Other Exchanges
Symbol
Exchange
Berlin
As of 1:27 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

plantronics inc (PLT) Snapshot

Open
$57.78
Previous Close
$57.56
Day High
$58.73
Day Low
$57.31
52 Week High
07/31/15 - $58.73
52 Week Low
10/15/14 - $42.65
Market Cap
2.1B
Average Volume 10 Days
341.5K
EPS TTM
$2.40
Shares Outstanding
35.2M
EX-Date
08/18/15
P/E TM
24.4x
Dividend
$0.60
Dividend Yield
1.02%
Current Stock Chart for PLANTRONICS INC (PLT)

plantronics inc (PLT) Related Businessweek News

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plantronics inc (PLT) Details

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company also manufactures and markets specialty telephone products under the Clarity brand. Its primary products include corded and cordless communication headsets; audio processors; telephone systems; Bluetooth and corded products; personal computer and gaming headsets; and specialty products, including speakerphones, amplified captioned phones, amplified corded phones, personal listeners, and alarm clocks for hearing impaired individuals. The company designs its products for various markets and applications, such as enterprise and home offices, contact centers, mobile phones and smartphones, computer and gaming, residential, and other specialty applications. Plantronics, Inc. sells products through a network of distributors, retailers, wireless carriers, original equipment manufacturers, and telephony service providers. Plantronics, Inc. was founded in 1961 and is headquartered in Santa Cruz, California.

3,397 Employees
Last Reported Date: 05/15/15
Founded in 1961

plantronics inc (PLT) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $718.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $358.8K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $416.3K
Senior Vice President and Managing Director o...
Total Annual Compensation: $337.6K
Senior Vice President of Sales
Total Annual Compensation: $395.0K
Compensation as of Fiscal Year 2015.

plantronics inc (PLT) Key Developments

Plantronics Announces Quarterly Dividend, Payable on September 10, 2015

Plantronics, Inc. has declared a quarterly dividend of $0.15 per common share, to be paid on September 10, 2015 to all shareholders of record as of the close of business on August 20, 2015.

Plantronics, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Second Fiscal Quarter Ending in September 2015 and Capital Expenditure Guidance for the Fiscal Year 2016

Plantronics, Inc. announced unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the period, the company reported net revenues of $206,358,000 compared to $216,662,000 a year ago. Operating income was $29,362,000 compared to $37,761,000 a year ago. Net income was $21,228,000 compared to $28,672,000 a year ago. Diluted earnings per common share were $0.55 compared to $0.68 a year ago. Cash provided by operating activities was $43,474,000 compared to $29,538,000 a year ago. Capital expenditures were $3,966,000 compared to $7,312,000 a year ago. Income before income taxes was $26,336,000 compared to $38,781,000 a year ago. Non-GAAP operating income was $37,474,000 compared to $44,116,000 a year ago. Non-GAAP net income was $26,008,000 compared to $32,954,000 a year ago. Non-GAAP diluted earnings per common share were $0.67 compared to $0.78 a year ago. The company also provided earnings guidance for the second fiscal quarter ending in September 2015. For the period, the company expected net revenues of $202 million to $212 million. This forecast assumes gross margins in the range of 51% to 52%, lower than the current quarter margins as currency continues to weigh on the company’s profitability, and the company expects product mix to have more lower margin in UC and Consumer products. On a constant-currency basis, compared with the second quarter of fiscal year 2015, this range would be roughly $210 million to $220 million and, at the midpoint, would represent a decrease of 1% from the prior year. GAAP operating income expected to be approximately $25 million to $29 million and non-GAAP operating income of approximately $34 million to $38 million, excluding the impact of $9 million from stock-based compensation and purchase accounting amortization from GAAP operating income. On a constant-currency basis, compared with the second quarter of fiscal year 2015, the company expects a positive impact to its expenses of roughly $5 million. Therefore, if currency rates do not change significantly, the positive OpEx impact, combined with the negative net - with the net negative impact of the revenue line of $8 million, means its hedging program will protect the company from all by about $3 million in negative impacts to operating income. The company’s non-GAAP tax rate for the quarter is expected to be 24.5%, and the company expecting - and the company is anticipating the full year tax rate of the same amount. Based on all of the above, for second quarter, the company expects GAAP EPS of $0.39 to $0.47 per share and non-GAAP EPS to be $0.58 to $0.66 on average diluted shares outstanding of approximately 35 million. Total CapEx for fiscal year 2016 is expected to be approximately $30 million to $35 million. Depreciation expense on a GAAP basis for the first quarter was $5 million, up $0.3 million from the prior year. The company’s non-GAAP tax rate for the quarter is expected to be 24.5%, and the company expecting - and the company is anticipating the full year tax rate of the same amount.

Plantronics Appoints InaMarie Johnson as Senior Vice President, Chief Human Resources Officer

Plantronics announced that InaMarie Johnson has joined the company as Senior Vice President, Chief Human Resources Officer. InaMarie has over two decades of experience developing and implementing HR programs supporting global business objectives. Johnson was most recently SVP and Chief Human Resources Officer at UTi Worldwide. During her four years with UTi, she and her team established engagement and development programs at all levels of the company along with change management tools. Before joining UTi, Johnson spent a decade with Honeywell International, where she provided human resources leadership for the transportation systems and specialty materials divisions, including organizational design, talent management, compensation, employee and labor relations, staffing, learning and diversity. Prior to Honeywell, she served for six years in human resources leadership positions with The Clorox Company.

 

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Industry Analysis

PLT

Industry Average

Valuation PLT Industry Range
Price/Earnings 22.9x
Price/Sales 2.6x
Price/Book 4.8x
Price/Cash Flow 19.3x
TEV/Sales 1.1x
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