Logitech International S.A. (LOGI) Issues Earnings Results
Logitech International S.A. (NASDAQ:LOGI) announced its quarterly earnings data on Monday. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.11, RTT News reports. Logitech International had a net margin of 9.15% and a return on equity of 25.18%. During the same quarter last year, the company posted $0.35 earnings per share.
Logitech International (LOGI) traded up 1.20% during trading on Monday, reaching $37.15. The company’s stock had a trading volume of 902,653 shares. The stock has a 50 day moving average price of $36.42 and a 200 day moving average price of $35.74. Logitech International has a 1-year low of $21.14 and a 1-year high of $40.82. The stock has a market capitalization of $6.09 billion, a PE ratio of 28.00 and a beta of 0.59.
The firm also recently announced a dividend, which was paid on Wednesday, September 27th. Stockholders of record on Tuesday, September 26th were given a dividend of $0.6454 per share. This is an increase from Logitech International’s previous dividend of $0.52. The ex-dividend date of this dividend was Monday, September 25th. Logitech International’s dividend payout ratio (DPR) is 199.19%.
In other news, CFO Vincent Pilette sold 13,804 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $36.25, for a total transaction of $500,395.00. Following the completion of the sale, the chief financial officer now owns 460,127 shares in the company, valued at approximately $16,679,603.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luca Guerrino De sold 15,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.04, for a total value of $540,600.00. Following the sale, the insider now owns 321,204 shares of the company’s stock, valued at approximately $11,576,192.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 319,245 shares of company stock valued at $11,549,298. 2.20% of the stock is currently owned by corporate insiders.
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A number of research firms recently weighed in on LOGI. Zacks Investment Research lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Citigroup Inc. assumed coverage on shares of Logitech International in a research note on Thursday, July 6th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Loop Capital assumed coverage on shares of Logitech International in a research note on Monday, July 24th. They set a “buy” rating and a $48.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Logitech International has a consensus rating of “Buy” and an average price target of $39.50.
Logitech International Company Profile
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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