Brokerages Expect Logitech International S.A. (NASDAQ:LOGI) Will Post Earnings of $0.90 Per Share

Equities analysts expect that Logitech International S.A. (NASDAQ:LOGI – Get Rating) will post earnings per share of $0.90 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Logitech International’s earnings. The highest EPS estimate is $0.93 and the lowest is $0.86. Logitech International reported earnings of $1.22 per share in the same quarter last year, which would indicate a negative year over year growth rate of 26.2%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Logitech International will report full year earnings of $4.98 per share for the current year, with EPS estimates ranging from $4.68 to $5.40. For the next year, analysts anticipate that the company will post earnings of $5.46 per share, with EPS estimates ranging from $5.35 to $5.60. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Logitech International.

Logitech International (NASDAQ:LOGI – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Logitech International had a net margin of 11.76% and a return on equity of 30.18%. During the same quarter in the prior year, the firm posted $1.36 earnings per share.

LOGI has been the topic of a number of recent analyst reports. Loop Capital raised shares of Logitech International from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $110.00 in a research note on Friday, March 4th. UBS Group raised shares of Logitech International from a “neutral” rating to a “buy” rating in a research note on Tuesday. Bank of America initiated coverage on shares of Logitech International in a research note on Thursday, March 24th. They set a “buy” rating and a $107.00 price target on the stock. StockNews.com initiated coverage on shares of Logitech International in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Logitech International from CHF 92 to CHF 84 and set a “buy” rating on the stock in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Logitech International has a consensus rating of “Buy” and an average price target of $96.67.

NASDAQ:LOGI opened at $58.55 on Thursday. The company has a market cap of $9.78 billion, a P/E ratio of 15.49 and a beta of 0.90. Logitech International has a fifty-two week low of $56.23 and a fifty-two week high of $140.17. The firm’s 50 day moving average is $69.01 and its two-hundred day moving average is $76.21.

In related news, General Counsel Samantha Harnett sold 1,320 shares of the firm’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $74.24, for a total transaction of $97,996.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC acquired a new stake in Logitech International during the 4th quarter valued at $27,000. Parkside Investments LLC acquired a new position in Logitech International during the 1st quarter worth $36,000. Covestor Ltd acquired a new position in Logitech International during the 4th quarter worth $43,000. Lindbrook Capital LLC grew its holdings in Logitech International by 59.8% during the 4th quarter. Lindbrook Capital LLC now owns 719 shares of the technology company’s stock worth $59,000 after acquiring an additional 269 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Logitech International by 85.4% during the 4th quarter. Bessemer Group Inc. now owns 810 shares of the technology company’s stock worth $67,000 after acquiring an additional 373 shares in the last quarter.

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.

Featured Articles