Plantronics CFO Sells $217,500 in Stock (PLT)

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Plantronics (NYSE:PLT) CFO Pamela Strayer sold 5,000 shares of the company’s stock on the open market in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $43.50, for a total transaction of $217,500.00. Following the sale, the chief financial officer now directly owns 30,495 shares of the company’s stock, valued at approximately $1,326,533. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Plantronics (NYSE:PLT) traded up 0.55% during mid-day trading on Thursday, hitting $43.71. The stock had a trading volume of 91,249 shares. Plantronics has a 52-week low of $41.14 and a 52-week high of $49.84. The stock’s 50-day moving average is $43.43 and its 200-day moving average is $44.11. The company has a market cap of $1.830 billion and a P/E ratio of 16.78.

Plantronics (NYSE:PLT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.09. The company had revenue of $209.10 million for the quarter, compared to the consensus estimate of $204.37 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Plantronics will post $3.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, May 16th. This is a positive change from Plantronics’s previous quarterly dividend of $0.10.

Plantronics, Inc is a designer, manufacturer and marketer of lightweight communications headsets, telephone headset systems and accessories for the worldwide business and consumer markets under the Plantronics brand.

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