$0.84 EPS Expected for Logitech International S.A. (NASDAQ:LOGI) This Quarter

Wall Street brokerages forecast that Logitech International S.A. (NASDAQ:LOGI) will report $0.84 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Logitech International’s earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.79. Logitech International also posted earnings per share of $0.84 in the same quarter last year. The firm is expected to issue its next earnings report on Monday, January 18th.

On average, analysts expect that Logitech International will report full-year earnings of $2.53 per share for the current year, with EPS estimates ranging from $2.45 to $2.61. For the next financial year, analysts forecast that the firm will post earnings of $2.69 per share, with EPS estimates ranging from $2.64 to $2.74. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Logitech International.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, October 19th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $1.33. Logitech International had a net margin of 15.25% and a return on equity of 25.91%.

A number of research firms recently weighed in on LOGI. Zacks Investment Research lowered shares of Logitech International from a “strong-buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a research report on Tuesday, September 22nd. JPMorgan Chase & Co. raised shares of Logitech International from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Citigroup raised their price target on shares of Logitech International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Loop Capital raised their price target on shares of Logitech International from $81.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wedbush raised their price target on shares of Logitech International from $73.50 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Logitech International has a consensus rating of “Buy” and an average target price of $86.25.

In other Logitech International news, CEO Bracken Darrell sold 41,666 shares of Logitech International stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $78.17, for a total value of $3,257,031.22. Following the sale, the chief executive officer now owns 806,838 shares of the company’s stock, valued at $63,070,526.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harvest Group Wealth Management LLC raised its position in shares of Logitech International by 25.1% in the second quarter. Harvest Group Wealth Management LLC now owns 748 shares of the technology company’s stock valued at $48,000 after purchasing an additional 150 shares during the period. Vestmark Advisory Solutions Inc. raised its position in shares of Logitech International by 4.4% in the third quarter. Vestmark Advisory Solutions Inc. now owns 3,908 shares of the technology company’s stock valued at $302,000 after purchasing an additional 163 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of Logitech International by 8.6% in the second quarter. Rosenberg Matthew Hamilton now owns 2,266 shares of the technology company’s stock valued at $148,000 after purchasing an additional 180 shares during the period. Aptus Capital Advisors LLC raised its position in shares of Logitech International by 1.2% in the second quarter. Aptus Capital Advisors LLC now owns 18,262 shares of the technology company’s stock valued at $1,191,000 after purchasing an additional 212 shares during the period. Finally, AE Wealth Management LLC raised its position in shares of Logitech International by 2.1% in the second quarter. AE Wealth Management LLC now owns 13,396 shares of the technology company’s stock valued at $874,000 after purchasing an additional 271 shares during the period. 35.28% of the stock is currently owned by institutional investors.

Shares of NASDAQ LOGI traded down $0.56 during mid-day trading on Friday, reaching $92.08. 51,590 shares of the company’s stock traded hands, compared to its average volume of 515,498. The stock has a market cap of $15.47 billion, a P/E ratio of 32.91 and a beta of 0.97. The business has a 50-day simple moving average of $74.50 and a 200 day simple moving average of $63.95. Logitech International has a 1-year low of $31.37 and a 1-year high of $95.71.

The business also recently disclosed an annual dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Monday, September 21st were given a $0.8697 dividend. This is a positive change from Logitech International’s previous annual dividend of $0.52. The ex-dividend date of this dividend was Friday, September 18th. This represents a yield of 1.3%.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences. The company offers pointing devices, such as wireless mouse and trackball; 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 and Estimates for Logitech International (NASDAQ:LOGI)

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