Analysts expect Logitech International SA (NASDAQ:LOGI) to announce $0.51 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Logitech International’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.49. Logitech International posted earnings of $0.49 per share in the same quarter last year, which suggests a positive year over year growth rate of 4.1%. The firm is expected to issue its next earnings report on Monday, October 28th.
According to Zacks, analysts expect that Logitech International will report full-year earnings of $2.17 per share for the current year, with EPS estimates ranging from $2.16 to $2.20. For the next financial year, analysts expect that the company will report earnings of $2.40 per share, with EPS estimates ranging from $2.30 to $2.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Logitech International.
Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, July 22nd. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.11. Logitech International had a return on equity of 25.67% and a net margin of 9.36%. During the same quarter in the prior year, the firm posted $0.34 EPS.
LOGI has been the subject of several analyst reports. Citigroup set a $46.00 price objective on Logitech International and gave the company a “buy” rating in a report on Wednesday, July 3rd. BidaskClub cut Logitech International from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Maxim Group reissued a “hold” rating and issued a $36.00 price objective on shares of Logitech International in a report on Wednesday, July 24th. ValuEngine raised Logitech International from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Finally, Wedbush reissued a “buy” rating and issued a $45.00 price objective on shares of Logitech International in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $45.17.
Shares of LOGI stock traded up $0.79 on Thursday, hitting $39.57. The company had a trading volume of 18,179 shares, compared to its average volume of 204,530. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 2.31 and a beta of 1.25. The company’s 50-day simple moving average is $39.76. Logitech International has a twelve month low of $29.06 and a twelve month high of $49.96.
Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Logitech International by 27.3% during the first 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 period. Aviva PLC grew its holdings in shares of Logitech International by 0.8% in the second quarter. Aviva PLC now owns 43,650 shares of the technology company’s stock worth $1,745,000 after purchasing an additional 334 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Logitech International by 50.0% in the first quarter. Penserra Capital Management LLC now owns 1,350 shares of the technology company’s stock valued at $53,000 after acquiring an additional 450 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Logitech International by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 119,895 shares of the technology company’s stock valued at $3,750,000 after acquiring an additional 741 shares in the last quarter. Finally, Cozad Asset Management Inc. boosted its holdings in Logitech International by 4.2% in the first quarter. Cozad Asset Management Inc. now owns 19,156 shares of the technology company’s stock valued at $754,000 after acquiring an additional 780 shares in the last quarter. 32.74% of the stock is owned by institutional investors and hedge funds.
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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