Analysts expect Logitech International S.A. (NASDAQ:LOGI) to post $754.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Logitech International’s earnings. The highest sales estimate is $754.53 million and the lowest is $753.47 million. Logitech International reported sales of $666.71 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.1%. The company is expected to announce its next quarterly earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that Logitech International will report full-year sales of $754.00 million for the current year, with estimates ranging from $2.47 billion to $2.49 billion. For the next financial year, analysts anticipate that the business will post sales of $2.72 billion per share, with estimates ranging from $2.68 billion to $2.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Logitech International.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, October 23rd. The technology company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.11. The company had revenue of $634.21 million for the quarter, compared to analysts’ expectations of $630.23 million. Logitech International had a return on equity of 24.58% and a net margin of 9.32%. During the same period in the prior year, the firm earned $0.35 earnings per share.

Separately, Zacks Investment Research cut Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Logitech International has an average rating of “Buy” and an average target price of $44.60.

Shares of Logitech International (NASDAQ:LOGI) opened at $36.39 on Wednesday. Logitech International has a 12 month low of $23.59 and a 12 month high of $40.82. The company has a market capitalization of $6,290.00, a price-to-earnings ratio of 27.43 and a beta of 0.44.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOGI. Navellier & Associates Inc purchased a new stake in shares of Logitech International in the second quarter worth $201,000. Kimelman & Baird LLC purchased a new stake in shares of Logitech International in the second quarter worth $220,000. Janney Montgomery Scott LLC purchased a new stake in shares of Logitech International in the second quarter worth $227,000. Quantbot Technologies LP purchased a new stake in shares of Logitech International in the second quarter worth $254,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Logitech International in the third quarter worth $259,000. 38.68% of the stock is currently owned by hedge funds and other institutional investors.

About Logitech International

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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