Equities Analysts Offer Predictions for LOGI FY2029 Earnings

Logitech International S.A. (NASDAQ:LOGI) – Research analysts at Zacks Research issued their FY2029 earnings per share (EPS) estimates for shares of Logitech International in a report released on Tuesday, May 19th. Zacks Research analyst Team forecasts that the technology company will post earnings per share of $6.40 for the year. The consensus estimate for Logitech International’s current full-year earnings is $5.16 per share.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a return on equity of 34.12% and a net margin of 14.69%.The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $0.93 EPS. The business’s revenue was up 7.4% compared to the same quarter last year.

A number of other brokerages also recently issued reports on LOGI. Weiss Ratings downgraded Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Barclays lifted their price target on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. UBS Group cut Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a research report on Wednesday, May 6th. Finally, Citigroup raised their price objective on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.67.

Logitech International Trading Up 0.1%

Shares of NASDAQ:LOGI opened at $103.78 on Thursday. Logitech International has a 12-month low of $81.98 and a 12-month high of $123.01. The business’s fifty day simple moving average is $96.41 and its 200-day simple moving average is $100.21. The company has a market capitalization of $15.21 billion, a PE ratio of 21.62, a P/E/G ratio of 2.64 and a beta of 1.07.

Institutional Trading of Logitech International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Logitech International during the 3rd quarter worth about $30,000. Westside Investment Management Inc. lifted its position in Logitech International by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock worth $36,000 after acquiring an additional 163 shares during the period. CIBC Private Wealth Group LLC lifted its position in Logitech International by 61.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock worth $46,000 after acquiring an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after acquiring an additional 165 shares during the period. Finally, Richardson Financial Services Inc. lifted its position in Logitech International by 101.5% during the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock worth $66,000 after acquiring an additional 334 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.