$0.26 Earnings Per Share Expected for Logitech International SA (LOGI) This Quarter

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Equities research analysts forecast that Logitech International SA (NASDAQ:LOGI) will announce earnings per share (EPS) of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Logitech International’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.29. Logitech International posted earnings of $0.24 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The firm is expected to report its next earnings report on Monday, July 23rd.

According to Zacks, analysts expect that Logitech International will report full-year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.76 to $1.82. For the next financial year, analysts forecast that the firm will report earnings of $2.10 per share, with EPS estimates ranging from $1.95 to $2.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Logitech International.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.14. Logitech International had a return on equity of 24.12% and a net margin of 8.16%. The company had revenue of $592.43 million during the quarter, compared to analysts’ expectations of $563.68 million.

A number of research firms have commented on LOGI. Goldman Sachs Group began coverage on Logitech International in a research note on Friday, June 22nd. They issued a “neutral” rating for the company. BidaskClub upgraded Logitech International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 8th. Zacks Investment Research upgraded Logitech International from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research note on Wednesday, May 16th. Finally, DA Davidson began coverage on Logitech International in a research note on Thursday, March 15th. They issued a “buy” rating and a $46.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Logitech International currently has an average rating of “Buy” and a consensus target price of $45.60.

Logitech International traded up $0.43, reaching $43.90, during midday trading on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 125,959 shares, compared to its average volume of 263,934. Logitech International has a 52-week low of $32.66 and a 52-week high of $46.12. The stock has a market cap of $7.21 billion, a PE ratio of 32.76, a price-to-earnings-growth ratio of 4.81 and a beta of 0.93.

In other news, CEO Bracken Darrell sold 179,720 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $39.58, for a total value of $7,113,317.60. Following the transaction, the chief executive officer now directly owns 728,329 shares of the company’s stock, valued at $28,827,261.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vincent Pilette sold 115,000 shares of the firm’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $39.61, for a total value of $4,555,150.00. Following the sale, the chief financial officer now directly owns 302,019 shares in the company, valued at $11,962,972.59. The disclosure for this sale can be found here. Insiders sold 355,101 shares of company stock worth $14,088,538 over the last three months. Corporate insiders own 2.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of LOGI. First Trust Advisors LP grew its holdings in Logitech International by 68.7% during the fourth quarter. First Trust Advisors LP now owns 106,692 shares of the technology company’s stock worth $3,589,000 after acquiring an additional 43,453 shares during the period. Wells Fargo & Company MN grew its holdings in Logitech International by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 41,298 shares of the technology company’s stock worth $1,389,000 after acquiring an additional 8,397 shares during the period. Bank of New York Mellon Corp grew its holdings in Logitech International by 750.1% during the fourth quarter. Bank of New York Mellon Corp now owns 902,531 shares of the technology company’s stock worth $30,471,000 after acquiring an additional 796,361 shares during the period. Allianz Asset Management GmbH grew its holdings in Logitech International by 8.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,335,429 shares of the technology company’s stock worth $45,087,000 after acquiring an additional 100,740 shares during the period. Finally, Financial Gravity Companies Inc. acquired a new stake in Logitech International during the fourth quarter worth about $138,000. 32.21% of the stock is currently owned by hedge funds and other institutional investors.

About Logitech International

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 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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