Stock News

Analysts See $2.30 EPS for SYNNEX (SNX); Disciplined Growth Investors Lowered Plantronics New Com (PLT) Position

Plantronics, Inc. (NYSE:PLT) Logo

Disciplined Growth Investors Inc decreased Plantronics Inc New Com (PLT) stake by 1.76% reported in 2018Q1 SEC filing. Disciplined Growth Investors Inc sold 33,498 shares as Plantronics Inc New Com (PLT)’s stock rose 31.34%. The Disciplined Growth Investors Inc holds 1.87M shares with $113.00 million value, down from 1.91 million last quarter. Plantronics Inc New Com now has $2.48B valuation. The stock increased 0.85% or $0.63 during the last trading session, reaching $74.67. About 172,947 shares traded. Plantronics, Inc. (NYSE:PLT) has risen 39.78% since June 14, 2017 and is uptrending. It has outperformed by 27.21% the S&P500. Some Historical PLT News: ; 28/03/2018 – PLANTRONICS INC – EXPECT $75 MLN IN ANNUAL RUN-RATE COST SYNERGIES WITHIN 12 MONTHS OF TRANSACTION CLOSE; 01/05/2018 – Plantronics Sees 1Q EPS 29c-EPS 41c; 28/03/2018 – Plantronics To Buy Polycom In Deal Valued At $2 Billion, Including Debt — MarketWatch; 28/03/2018 – Headsets maker Plantronics said it would buy Polycom in a deal valued at $2 billion; 14/05/2018 – S&PGR Affirms Plantronics At ‘BB’; Otlk Neg; New Debt Rated; 28/03/2018 – PLANTRONICS TO BUY POLYCOM IN DEAL VALUED AT $2B; 28/03/2018 – Plantronics Expects $75M in Annual Run-Rate Cost Synergies Within 12 Months of Transaction Close; 01/05/2018 – PLANTRONICS INTRODUCES PLANTRONICS PARTNER PROGRAM; 10/05/2018 – Plantronics Presenting at Conference Jun 5; 24/04/2018 – Plantronics Backbeat Go 600 Wireless Headphones: Superior And Personalized Sound For Less Than $100

Analysts expect SYNNEX Corporation (NYSE:SNX) to report $2.30 EPS on June, 28.They anticipate $0.22 EPS change or 10.58% from last quarter’s $2.08 EPS. SNX’s profit would be $92.26M giving it 12.30 P/E if the $2.30 EPS is correct. After having $2.14 EPS previously, SYNNEX Corporation’s analysts see 7.48% EPS growth. The stock increased 0.98% or $1.1 during the last trading session, reaching $113.13. About 362,270 shares traded or 48.04% up from the average. SYNNEX Corporation (NYSE:SNX) has declined 4.32% since June 14, 2017 and is downtrending. It has underperformed by 16.89% the S&P500. Some Historical SNX News: ; 08/05/2018 – World’s Best – Concentrix is First Company to Earn 20 Certifications from COPC Inc; 29/03/2018 – Synnex 1Q Adj EPS $2.14; 10/04/2018 – SYNNEX Corporation Named Distributor of the Year in the US and Canada at 2018 Aruba Americas Partner Summit; 11/05/2018 – SYNNEX CORP – SECURITIZATION AMENDMENT EXTENDS MATURITY DATE OF TRADE RECEIVABLES SECURITIZATION TO MAY 7, 2020; 25/05/2018 – SYNNEX Corporation Advances to #169 on the Fortune 500 List of Largest Companies; 29/03/2018 – Synnex 1Q EPS 61c; 29/03/2018 – Synnex Gives Downbeat Quarterly Forecast — Market Mover; 11/05/2018 – SYNNEX – AMENDMENT INCREASES SIZE OF ACCORDION FEATURE UNDER WHICH SIT MAY REQUEST AN INCREASE IN LENDERS’ COMMITMENT TO $150 MLN; 29/03/2018 – SYNNEX CORP – QTRLY ADJ SHR $2.14; 08/05/2018 – SYNNEX THAILAND PCL – QTRLY TOTAL INCOME 8.91 BLN BAHT VS 8.17 BLN BAHT

Investors sentiment increased to 1.22 in Q1 2018. Its up 0.22, from 1 in 2017Q4. It improved, as 20 investors sold SYNNEX Corporation shares while 73 reduced holdings. 38 funds opened positions while 75 raised stakes. 28.73 million shares or 1.20% more from 28.39 million shares in 2017Q4 were reported. Trexquant Invest Lp stated it has 0.07% in SYNNEX Corporation (NYSE:SNX). Great West Life Assurance Can, Manitoba – Canada-based fund reported 17,354 shares. Price T Rowe Associate Md accumulated 0.01% or 634,008 shares. Peak6 Invests L P stated it has 0% of its portfolio in SYNNEX Corporation (NYSE:SNX). Private Na reported 0.11% in SYNNEX Corporation (NYSE:SNX). Credit Suisse Ag stated it has 35,854 shares. 5.92M were accumulated by Fmr Limited Liability Corporation. Amundi Pioneer Asset reported 25,392 shares or 0% of all its holdings. Jpmorgan Chase & Co reported 67,966 shares. Pub Employees Retirement Systems Of Ohio accumulated 10,747 shares. Thomson Horstmann And Bryant reported 5,679 shares. California State Teachers Retirement reported 45,625 shares. Strs Ohio, a Ohio-based fund reported 13,300 shares. Mason Street Advsrs Limited Liability Co stated it has 14,705 shares or 0.04% of all its holdings. New Mexico Educational Retirement Board owns 8,000 shares for 0.04% of their portfolio.

Among 11 analysts covering SYNNEX (NYSE:SNX), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. SYNNEX had 34 analyst reports since August 20, 2015 according to SRatingsIntel. Stifel Nicolaus maintained SYNNEX Corporation (NYSE:SNX) rating on Tuesday, September 27. Stifel Nicolaus has “Hold” rating and $104 target. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, March 29. SunTrust maintained SYNNEX Corporation (NYSE:SNX) on Monday, April 2 with “Buy” rating. As per Thursday, October 29, the company rating was downgraded by Credit Agricole. The rating was initiated by Pivotal Research on Tuesday, January 30 with “Hold”. The company was downgraded on Monday, May 2 by Citigroup. Stifel Nicolaus maintained SYNNEX Corporation (NYSE:SNX) rating on Tuesday, January 9. Stifel Nicolaus has “Buy” rating and $152.0 target. Cross Research downgraded the shares of SNX in report on Thursday, March 24 to “Hold” rating. The firm earned “Buy” rating on Sunday, September 10 by Stifel Nicolaus. Brean Capital maintained SYNNEX Corporation (NYSE:SNX) on Friday, September 25 with “Buy” rating.

Since January 12, 2018, it had 0 buys, and 34 insider sales for $213.48 million activity. Zulberti Andrea M had sold 1,500 shares worth $206,865 on Friday, January 12. $122,993 worth of stock was sold by LEUNG SIMON on Thursday, March 1. Shares for $30,000 were sold by Witt Marshall on Tuesday, May 1. Another trade for 2,000 shares valued at $209,522 was sold by MIAU MATTHEW. POLK DENNIS also sold $200,186 worth of SYNNEX Corporation (NYSE:SNX) on Monday, April 2. $314,250 worth of SYNNEX Corporation (NYSE:SNX) was sold by STEFFENSEN DWIGHT. Wurster Thomas S. had sold 300 shares worth $36,577 on Thursday, February 1.

SYNNEX Corporation provides business process services to resellers, system integrators, retailers, and original equipment manufacturers in North and South America, the Asia-Pacific, Europe, and internationally. The company has market cap of $4.54 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 17.24 P/E ratio. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking/communications/security equipment; consumer electronics; and complementary products.

Another recent and important SYNNEX Corporation (NYSE:SNX) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows ABM Industries, Waddell & Reed Financial, South State, Vera Bradley, Healthcare Trust of …” on May 23, 2018.

More news for Plantronics, Inc. (NYSE:PLT) were recently published by: Globenewswire.com, which released: “A New Global Study Finds the Noise Epidemic Worsening at Work, With Employees in Noisy Offices More Likely to …” on June 12, 2018. Nasdaq.com‘s article titled: “New RIG 500 Pro Series Delivers Game-Changing Audio at Your Fingertips” and published on June 05, 2018 is yet another important article.

Among 6 analysts covering Plantronics (NYSE:PLT), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Plantronics has $64.0 highest and $49 lowest target. $58.25’s average target is -21.99% below currents $74.67 stock price. Plantronics had 21 analyst reports since January 15, 2016 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Overweight” on Monday, January 18. Raymond James upgraded the stock to “Market Perform” rating in Wednesday, May 4 report. The stock of Plantronics, Inc. (NYSE:PLT) has “Neutral” rating given on Thursday, February 1 by Sidoti. The stock of Plantronics, Inc. (NYSE:PLT) has “Hold” rating given on Friday, July 28 by J.P. Morgan. JP Morgan upgraded the stock to “Overweight” rating in Friday, January 15 report. Northland Capital maintained the stock with “Buy” rating in Thursday, January 11 report. The firm has “Buy” rating given on Monday, September 11 by Northland Capital. The rating was upgraded by J.P. Morgan on Thursday, June 1 to “Buy”. The company was maintained on Monday, July 24 by Northland Capital. Roth Capital maintained the shares of PLT in report on Thursday, September 28 with “Buy” rating.

Analysts await Plantronics, Inc. (NYSE:PLT) to report earnings on July, 26. They expect $0.49 earnings per share, down 5.77% or $0.03 from last year’s $0.52 per share. PLT’s profit will be $16.30 million for 38.10 P/E if the $0.49 EPS becomes a reality. After $0.85 actual earnings per share reported by Plantronics, Inc. for the previous quarter, Wall Street now forecasts -42.35% negative EPS growth.

SYNNEX Corporation (NYSE:SNX) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *