Wall Street analysts expect that Logitech International SA (NASDAQ:LOGI) will report $0.35 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Logitech International’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.33. Logitech International reported earnings of $0.34 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The business is scheduled to report its next quarterly earnings results on Monday, July 29th.
On average, analysts expect that Logitech International will report full-year earnings of $2.13 per share for the current year, with EPS estimates ranging from $2.10 to $2.16. For the next fiscal year, analysts anticipate that the company will post earnings of $2.39 per share, with EPS estimates ranging from $2.30 to $2.55. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Logitech International.
Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, April 29th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. The business had revenue of $624.31 million during the quarter, compared to analysts’ expectations of $619.43 million. Logitech International had a return on equity of 26.79% and a net margin of 9.24%.
A number of analysts have commented on LOGI shares. BidaskClub upgraded Logitech International from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Zacks Investment Research raised Logitech International from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, April 2nd. Finally, Maxim Group reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Logitech International in a research note on Monday, March 11th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Logitech International currently has an average rating of “Buy” and an average target price of $45.29.
LOGI traded up $0.88 during midday trading on Monday, reaching $39.76. The company had a trading volume of 261,882 shares, compared to its average volume of 179,906. The company’s 50-day moving average price is $37.78. The firm has a market capitalization of $6.38 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.32 and a beta of 1.19. Logitech International has a 1 year low of $29.06 and a 1 year high of $49.96.
In other news, CFO Vincent Pilette sold 109,181 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $40.36, for a total value of $4,406,545.16. Following the completion of the transaction, the chief financial officer now owns 194,380 shares of the company’s stock, valued at $7,845,176.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Logitech International by 1,590.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,116 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,050 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Logitech International by 27.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,274 shares of the technology company’s stock valued at $50,000 after purchasing an additional 273 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Logitech International by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 1,350 shares of the technology company’s stock valued at $53,000 after purchasing an additional 450 shares during the last quarter. NumerixS Investment Technologies Inc lifted its stake in shares of Logitech International by 147.1% in the 1st quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the technology company’s stock valued at $160,000 after purchasing an additional 2,500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of Logitech International in the 1st quarter valued at approximately $165,000. 32.83% of the stock is owned by 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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