LogMein, Inc. (LOGM) to Release Quarterly Earnings on Thursday
LogMein, Inc. (NASDAQ:LOGM) is scheduled to announce its earnings results after the market closes on Thursday, October 26th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. LogMein has set its Q3 guidance at $1.10-1.12 EPS and its FY17 guidance at $4.00-4.10 EPS.
LogMein (NASDAQ:LOGM) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.08. LogMein had a negative net margin of 0.41% and a positive return on equity of 5.42%. The company had revenue of $266.95 million for the quarter, compared to the consensus estimate of $264.95 million. During the same period in the prior year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 220.6% compared to the same quarter last year. On average, analysts expect LogMein to post $3.13 EPS for the current fiscal year and $4.01 EPS for the next fiscal year.
Shares of LogMein, Inc. (LOGM) opened at 117.35 on Thursday. The stock’s market capitalization is $6.19 billion. LogMein, Inc. has a 12 month low of $86.22 and a 12 month high of $123.95. The firm has a 50 day moving average of $112.96 and a 200-day moving average of $111.24.
COPYRIGHT VIOLATION NOTICE: “LogMein, Inc. (LOGM) to Release Quarterly Earnings on Thursday” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/19/logmein-inc-logm-to-release-quarterly-earnings-on-thursday.html.
In related news, CEO William Raymond Wagner sold 4,588 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $116.30, for a total value of $533,584.40. Following the sale, the chief executive officer now directly owns 69,542 shares of the company’s stock, valued at $8,087,734.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward K. Herdiech sold 6,354 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $117.66, for a total transaction of $747,611.64. Following the completion of the sale, the chief financial officer now directly owns 13,695 shares in the company, valued at $1,611,353.70. The disclosure for this sale can be found here. Insiders sold 69,319 shares of company stock worth $7,922,367 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.
LOGM has been the topic of a number of recent research reports. Cowen and Company reissued a “buy” rating and set a $134.00 target price on shares of LogMein in a research report on Friday, September 1st. BidaskClub raised shares of LogMein from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Piper Jaffray Companies reissued an “overweight” rating and set a $150.00 target price on shares of LogMein in a research report on Friday, June 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $140.00 target price on shares of LogMein in a research report on Monday, September 4th. Finally, Robert W. Baird reissued a “hold” rating and set a $130.00 target price on shares of LogMein in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $131.85.
LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.
Receive News & Ratings for LogMein Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMein Inc. and related companies with MarketBeat.com's FREE daily email newsletter.