$1.36 EPS Expected for LogMeIn Inc (NASDAQ:LOGM) This Quarter

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Wall Street brokerages expect that LogMeIn Inc (NASDAQ:LOGM) will post $1.36 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for LogMeIn’s earnings, with the lowest EPS estimate coming in at $1.35 and the highest estimate coming in at $1.36. LogMeIn posted earnings of $1.40 per share in the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that LogMeIn will report full year earnings of $5.06 per share for the current fiscal year, with EPS estimates ranging from $4.97 to $5.09. For the next financial year, analysts forecast that the business will report earnings of $4.95 per share, with EPS estimates ranging from $4.75 to $5.16. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover LogMeIn.

LogMeIn (NASDAQ:LOGM) last issued its earnings results on Thursday, July 25th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. LogMeIn had a net margin of 1.82% and a return on equity of 7.44%. The business had revenue of $313.10 million for the quarter, compared to analysts’ expectations of $310.98 million. During the same quarter in the previous year, the firm posted $1.32 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year.

A number of brokerages have issued reports on LOGM. Northland Securities reissued a “buy” rating on shares of LogMeIn in a report on Friday, July 26th. BidaskClub cut shares of LogMeIn from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 7th. TheStreet cut shares of LogMeIn from a “b” rating to a “c” rating in a report on Friday, April 26th. Robert W. Baird set a $85.00 target price on shares of LogMeIn and gave the company a “hold” rating in a report on Friday, July 26th. Finally, Zacks Investment Research raised shares of LogMeIn from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $93.67.

In other news, Director Michael K. Simon sold 22,500 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $75.79, for a total transaction of $1,705,275.00. Following the completion of the transaction, the director now directly owns 504,753 shares in the company, valued at approximately $38,255,229.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC purchased a new position in shares of LogMeIn during the 2nd quarter valued at $33,000. Icon Wealth Partners LLC purchased a new position in LogMeIn in the first quarter worth $39,000. Flagship Harbor Advisors LLC grew its position in LogMeIn by 59.3% in the first quarter. Flagship Harbor Advisors LLC now owns 567 shares of the software maker’s stock worth $45,000 after acquiring an additional 211 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in LogMeIn in the first quarter worth $91,000. Finally, CSat Investment Advisory L.P. purchased a new position in LogMeIn in the second quarter worth $100,000. Hedge funds and other institutional investors own 98.12% of the company’s stock.

LOGM stock traded up $0.55 during midday trading on Friday, reaching $68.15. 496,200 shares of the company’s stock traded hands, compared to its average volume of 495,391. The company has a 50-day moving average price of $74.21 and a two-hundred day moving average price of $78.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.46 and a current ratio of 0.46. LogMeIn has a 52 week low of $67.12 and a 52 week high of $96.87. The firm has a market capitalization of $3.37 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 3.39 and a beta of 1.01.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.91%. LogMeIn’s dividend payout ratio (DPR) is currently 28.57%.

LogMeIn Company Profile

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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