Shares of Plantronics, Inc. (NYSE:PLT) recorded 4.70% gain during trading session on November 8th, 2018. The script traded as low as $52.54 and last traded at $61.90. 2.72 million shares changed exchanged hands during trading, a drop of -752091.59% from the 30-day average session volume of 361.29K shares. The firm had previously closed at $59.12. The company has $39.08M outstanding shares, a price-to-earnings ratio of 25.45, price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The company has a RSI of 58.48, ATR of 2.78 and a volatility of 7.83% this week. PLT has a 52 week low price of $49.79 and a 52 week high price of $82.28.
Investors have identified the tech company Plantronics, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 2.42B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Plantronics, Inc. (PLT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For PLT, the company has in raw cash 291.09 million on their books with 149.92 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 874.35 million total, with 884000 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
PLT were able to record 0 as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 72.55 million. In cash movements, the company had a total of 0 as operating cash flow.
Potential earnings growth for Plantronics, Inc. (PLT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Plantronics, Inc. recorded a total of 483.07 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.56% coming in sequential stages and their sales for the third quarter increasing by 0.54%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 330.44 million trying to sell their products during the last quarter, with the result yielding a gross income of 152.63 million. This allows shareholders to hold on to 39.08M with the revenue now reading -2210 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (1.08 cents a share).
Is the stock of PLT attractive?
In related news, TOP DEVELOPMENT ENGINEERING EX SARKAR SHANTANU sold 31 shares of the company’s stock in a transaction that recorded on November 5th, 2018. The sale was performed at an average price of 61.54, for a total value of 1,908. As the sale deal closes, the TOP DEVELOPMENT ENGINEERING EX SARKAR SHANTANU now sold 31 shares of the company’s stock, valued at 1,769. Also, CEO – CORPORATE – GLOBAL.CEO. BURTON JOSEPH B sold 273 shares of the company’s stock in a deal that was recorded on October 1st, 2018. The shares were sold at an average price of 60.32 per share, with a total market value of 118,689. Following this completion of acquisition, the CEO – CORPORATE – GLOBAL.CEO. now holds 4,727 shares of the company’s stock, valued at 281,018. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.
3 out of 3 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Plantronics, Inc. stock. 0 analysts has assigned a Sell rating on the PLT stock. The 12-month mean consensus price target for the company’s shares has been set at $85.50.