Analysts Offer Predictions for LOGI FY2028 Earnings

Logitech International S.A. (NASDAQ:LOGI) – Analysts at Zacks Research issued their FY2028 EPS estimates for Logitech International in a note issued to investors on Tuesday, May 13th. Zacks Research analyst A. Bhagat anticipates that the technology company will post earnings per share of $4.62 for the year. The consensus estimate for Logitech International’s current full-year earnings is $4.21 per share.

A number of other equities analysts also recently commented on LOGI. Bank of America raised shares of Logitech International from an “underperform” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $73.00 in a report on Friday, April 4th. Citigroup decreased their price objective on shares of Logitech International from $105.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, April 14th. StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Barclays decreased their price objective on shares of Logitech International from $108.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.71.

Logitech International Price Performance

Logitech International stock opened at $86.55 on Thursday. The company has a market cap of $13.69 billion, a PE ratio of 20.32, a P/E/G ratio of 2.61 and a beta of 0.99. The company has a fifty day moving average price of $80.13 and a two-hundred day moving average price of $85.71. Logitech International has a 12 month low of $64.73 and a 12 month high of $105.65.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $0.99 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year.

Institutional Investors Weigh In On Logitech International

Hedge funds have recently added to or reduced their stakes in the stock. Banque Transatlantique SA bought a new stake in Logitech International in the fourth quarter valued at $26,000. Sierra Ocean LLC bought a new stake in Logitech International in the fourth quarter valued at $27,000. Bessemer Group Inc. raised its stake in shares of Logitech International by 1,339.1% during the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company’s stock valued at $27,000 after purchasing an additional 308 shares in the last quarter. Quarry LP bought a new stake in shares of Logitech International during the first quarter valued at about $33,000. Finally, Exane Asset Management bought a new stake in shares of Logitech International during the fourth quarter valued at about $32,000. 45.76% of the stock is currently owned by institutional investors.

Logitech International declared that its board has initiated a share repurchase program on Wednesday, March 5th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.