Zacks: Analysts Anticipate Logitech International SA (LOGI) to Post $0.46 EPS

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Equities research analysts expect that Logitech International SA (NASDAQ:LOGI) will report earnings of $0.46 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Logitech International’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.46. Logitech International reported earnings of $0.40 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15%. The business is expected to report its next quarterly earnings results after the market closes on Monday, October 22nd.

On average, analysts expect that Logitech International will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $1.89. For the next year, analysts anticipate that the business will report earnings of $2.08 per share, with EPS estimates ranging from $1.96 to $2.19. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Logitech International.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, July 30th. The technology company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The company had revenue of $608.48 million for the quarter, compared to analyst estimates of $584.37 million. Logitech International had a net margin of 7.97% and a return on equity of 24.63%. During the same quarter last year, the business earned $0.24 earnings per share.

Several analysts recently commented on the stock. BidaskClub lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Goldman Sachs Group assumed coverage on shares of Logitech International in a research report on Friday, June 22nd. They set a “neutral” rating on the stock. Citigroup raised their price target on shares of Logitech International from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Loop Capital raised their price target on shares of Logitech International to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Finally, DA Davidson raised their price target on shares of Logitech International from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Logitech International currently has an average rating of “Hold” and a consensus price target of $49.60.

LOGI stock opened at $39.11 on Friday. The firm has a market cap of $7.34 billion, a P/E ratio of 29.19, a PEG ratio of 2.80 and a beta of 0.96. Logitech International has a one year low of $32.66 and a one year high of $49.96.

In other Logitech International news, CEO Bracken Darrell sold 100,000 shares of the stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $45.66, for a total transaction of $4,566,000.00. Following the transaction, the chief executive officer now directly owns 712,137 shares of the company’s stock, valued at $32,516,175.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in Logitech International by 10.8% during the third quarter. Bank of Montreal Can now owns 17,965 shares of the technology company’s stock valued at $803,000 after purchasing an additional 1,749 shares in the last quarter. Raymond James & Associates lifted its holdings in Logitech International by 6.4% during the second quarter. Raymond James & Associates now owns 30,000 shares of the technology company’s stock valued at $1,323,000 after purchasing an additional 1,813 shares in the last quarter. US Bancorp DE lifted its holdings in Logitech International by 13.6% during the second quarter. US Bancorp DE now owns 16,131 shares of the technology company’s stock valued at $708,000 after purchasing an additional 1,925 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Logitech International by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 329,468 shares of the technology company’s stock valued at $14,464,000 after purchasing an additional 2,403 shares in the last quarter. Finally, Cutler Group LP lifted its holdings in Logitech International by 143.7% during the second quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock valued at $241,000 after purchasing an additional 3,248 shares in the last quarter. 36.45% of the stock is currently owned by institutional investors and hedge funds.

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 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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Earnings History and Estimates for Logitech International (NASDAQ:LOGI)

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