Equities research analysts expect Logitech International SA (NASDAQ:LOGI) to announce earnings of $0.81 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Logitech International’s earnings, with estimates ranging from $0.78 to $0.83. Logitech International posted earnings per share of $0.79 in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The company is scheduled to announce its next quarterly earnings report on Monday, January 20th.
On average, analysts expect that Logitech International will report full year earnings of $2.13 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $2.32 per share, with EPS estimates ranging from $2.30 to $2.34. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Logitech International.
Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Monday, October 21st. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $719.69 million for the quarter, compared to analysts’ expectations of $725.70 million. Logitech International had a return on equity of 26.01% and a net margin of 9.58%. During the same period in the prior year, the firm earned $0.49 EPS.
A number of equities analysts recently issued reports on LOGI shares. Maxim Group reissued a “hold” rating and issued a $36.00 price objective on shares of Logitech International in a report on Wednesday, July 24th. DA Davidson set a $58.00 price objective on Logitech International and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wedbush reissued a “buy” rating and issued a $46.00 price objective on shares of Logitech International in a report on Tuesday, October 22nd. Zacks Investment Research lowered Logitech International from a “hold” rating to a “sell” rating and set a $44.00 price objective for the company. in a report on Monday, October 28th. Finally, BidaskClub lowered Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $45.33.
LOGI stock traded down $0.35 on Thursday, reaching $41.34. The company’s stock had a trading volume of 103,300 shares, compared to its average volume of 206,219. Logitech International has a 52 week low of $29.06 and a 52 week high of $42.41. The company has a market capitalization of $6.82 billion, a P/E ratio of 23.76 and a beta of 1.25. The firm has a fifty day moving average of $40.85 and a two-hundred day moving average of $39.74.
In other Logitech International news, Director Didier Hirsch sold 25,230 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $41.79, for a total transaction of $1,054,361.70. Following the completion of the transaction, the director now directly owns 37,797 shares of the company’s stock, valued at approximately $1,579,536.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bracken Darrell sold 18,656 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $41.70, for a total value of $777,955.20. Following the transaction, the chief executive officer now directly owns 741,953 shares of the company’s stock, valued at $30,939,440.10. The disclosure for this sale can be found here. Insiders sold a total of 157,965 shares of company stock valued at $6,504,911 over the last three months. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Logitech International by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,265,286 shares of the technology company’s stock valued at $169,589,000 after purchasing an additional 149,578 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Logitech International by 26.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,254,137 shares of the technology company’s stock valued at $165,401,000 after purchasing an additional 881,282 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Logitech International by 5.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,956,591 shares of the technology company’s stock valued at $118,294,000 after purchasing an additional 144,039 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Logitech International by 237.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,481,147 shares of the technology company’s stock valued at $60,128,000 after purchasing an additional 1,042,036 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Logitech International by 8.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,858 shares of the technology company’s stock valued at $51,327,000 after purchasing an additional 102,453 shares in the last quarter. 34.60% of the stock is owned by hedge funds and other institutional investors.
Logitech International Company Profile
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.
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