Plantronics, Inc. Value Alert
Texas (August 6, 2014) Wax Ink has issued a No Investment Interest opinion for Plantronics, Inc. (NYE: PLT), based on a recent intrinsic value review that placed fair value for the company between $45-$52.
A No Investment Interest opinion (hold) means that the current key performance indicators (KPIs) and associated financial metrics do not favor a position in this stock as an active investment at this time.
The recent close of $46.48 is approximately 71% above a fair value buy target for the stock and approximately 17% below a fair value close target for the stock. The recent close is also 15% below analysts’ twelve-month $55.00 median price target for the stock.
The recent close represents a 2% decrease in the one-year price of the stock, while year-over-year sales increased 7%, year-over-year earnings decreased 9%, year-over-year debt increased 0%, and year-over-year free cash flow decreased 24%.
The company paid a dividend of $0.41, a year-over-year increase of 5%.
The stock currently has a trailing twelve-month PE Ratio of 18, and a PEG Ratio of 1.8 basis estimated forward earnings growth of 10%.
In the past 52 weeks, share prices have moved between a high of $49.87 and a low of $41.14, placing current equilibrium at $45.94. With the recent close, the stock is trading 7% below the 52 week high, 12% above the 52 week low, and 1% above current equilibrium.
The three-month average daily trading volume for this stock is approximately 0.207 million shares and the recent average daily trading volume is approximately 0.59 million shares. There are approximately 1.1 million short interest shares which places the days to cover at 5.7.
Plantronics, Inc. designs, manufactures, and markets, lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets.
The company's listed competitors include GN Netcom A/S, Logitech International SA, and Motorola Solutions, Inc..
Financial information contained in this alert, was taken from the company's most recent annual SEC filing for year ending September 30, 2013. Unless otherwise noted, all prices are per share.
At this time Wax Ink has no investment position in any company mentioned in this alert. This alert is for use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.
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