Logitech International (LOGI) Scheduled to Post Earnings on Monday

Logitech International (NASDAQ:LOGIGet Rating) is set to release its earnings data after the market closes on Monday, May 2nd. Analysts expect Logitech International to post earnings of $0.63 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Logitech International (NASDAQ:LOGIGet Rating) last posted its quarterly earnings results on Monday, January 24th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. Logitech International had a return on equity of 35.43% and a net margin of 13.17%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $2.33 EPS. On average, analysts expect Logitech International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

LOGI opened at $65.27 on Monday. Logitech International has a 12-month low of $65.03 and a 12-month high of $140.17. The business’s fifty day simple moving average is $73.25 and its 200-day simple moving average is $79.18. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 14.67 and a beta of 0.87.

A number of brokerages recently weighed in on LOGI. StockNews.com began coverage on Logitech International in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Loop Capital raised Logitech International from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $110.00 in a research report on Friday, March 4th. Credit Suisse Group dropped their price objective on Logitech International from CHF 114 to CHF 107 in a research report on Wednesday, January 26th. Wedbush raised Logitech International from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Tuesday, March 1st. Finally, Morgan Stanley raised their price objective on Logitech International from $74.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Logitech International has a consensus rating of “Buy” and a consensus price target of $99.89.

In other news, General Counsel Samantha Harnett sold 1,320 shares of the firm’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $74.24, for a total value of $97,996.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Large investors have recently made changes to their positions in the company. CIBC World Markets Inc. purchased a new position in Logitech International during the fourth quarter valued at approximately $476,000. Bank Julius Baer & Co. Ltd Zurich raised its position in Logitech International by 516.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 68,194 shares of the technology company’s stock valued at $5,625,000 after acquiring an additional 57,126 shares in the last quarter. Stifel Financial Corp raised its position in Logitech International by 165.0% during the fourth quarter. Stifel Financial Corp now owns 115,988 shares of the technology company’s stock valued at $9,566,000 after acquiring an additional 72,213 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Logitech International by 22.9% during the fourth quarter. Parametric Portfolio Associates LLC now owns 386,175 shares of the technology company’s stock valued at $31,852,000 after acquiring an additional 72,064 shares in the last quarter. Finally, Morgan Stanley raised its position in Logitech International by 9.7% during the second quarter. Morgan Stanley now owns 292,575 shares of the technology company’s stock valued at $35,378,000 after acquiring an additional 25,754 shares in the last quarter. Hedge funds and other institutional investors own 36.50% of the company’s stock.

Logitech International Company Profile (Get Rating)

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.

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Earnings History for Logitech International (NASDAQ:LOGI)

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