Wall Street analysts predict that Logitech International S.A. (NASDAQ:LOGI – Get Rating) will announce $0.73 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Logitech International’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.83. Logitech International reported earnings of $1.45 per share during the same quarter last year, which indicates a negative year over year growth rate of 49.7%. The firm is scheduled to report its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Logitech International will report full-year earnings of $4.54 per share for the current financial year, with EPS estimates ranging from $4.43 to $4.65. For the next financial year, analysts forecast that the firm will report earnings of $4.83 per share, with EPS estimates ranging from $4.58 to $5.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Logitech International.
A number of equities research analysts have weighed in on LOGI shares. Morgan Stanley upped their price objective on shares of Logitech International from $74.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, March 4th. Bank of America initiated coverage on shares of Logitech International in a report on Thursday, March 24th. They issued a “buy” rating and a $107.00 price objective on the stock. Loop Capital upgraded shares of Logitech International from a “hold” rating to a “buy” rating and increased their price target for the company from $80.00 to $110.00 in a report on Friday, March 4th. Wedbush upgraded shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Tuesday, March 1st. Finally, The Goldman Sachs Group upgraded shares of Logitech International from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Monday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $99.89.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC bought a new position in Logitech International in the fourth quarter worth approximately $27,000. Covestor Ltd bought a new position in Logitech International in the fourth quarter worth approximately $43,000. Lindbrook Capital LLC raised its position in Logitech International by 59.8% in the fourth quarter. Lindbrook Capital LLC now owns 719 shares of the technology company’s stock worth $59,000 after acquiring an additional 269 shares during the period. Bessemer Group Inc. raised its position in Logitech International by 85.4% in the fourth quarter. Bessemer Group Inc. now owns 810 shares of the technology company’s stock worth $67,000 after acquiring an additional 373 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in Logitech International in the first quarter worth approximately $236,000. Institutional investors and hedge funds own 36.50% of the company’s stock.
Shares of LOGI opened at $65.30 on Thursday. Logitech International has a fifty-two week low of $63.29 and a fifty-two week high of $140.17. The firm’s 50-day simple moving average is $72.09 and its two-hundred day simple moving average is $78.46.
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.
- Get a free copy of the StockNews.com research report on Logitech International (LOGI)
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.