Equities analysts expect LogMein, Inc. (NASDAQ:LOGM) to post sales of $277.55 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for LogMein’s earnings, with estimates ranging from $277.40 million to $277.79 million. LogMein reported sales of $87.97 million in the same quarter last year, which would suggest a positive year over year growth rate of 215.5%. The company is scheduled to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that LogMein will report full year sales of $277.55 million for the current year. For the next year, analysts expect that the business will post sales of $1.17 billion per share, with estimates ranging from $1.15 billion to $1.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for LogMein.

LogMein (NASDAQ:LOGM) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.05. LogMein had a net margin of 1.01% and a return on equity of 5.50%. The company had revenue of $269.30 million for the quarter, compared to the consensus estimate of $270.56 million. During the same period in the prior year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 216.5% compared to the same quarter last year.

LOGM has been the subject of several research analyst reports. BidaskClub cut shares of LogMein from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of LogMein from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a report on Thursday, August 3rd. Cowen Inc restated a “buy” rating and issued a $134.00 target price on shares of LogMein in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and issued a $140.00 target price on shares of LogMein in a report on Monday, September 4th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $170.00 target price on shares of LogMein in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $135.96.

LogMein (NASDAQ LOGM) opened at $119.05 on Friday. LogMein has a twelve month low of $90.35 and a twelve month high of $129.51. The stock has a market cap of $6,274.41, a price-to-earnings ratio of 44.48, a PEG ratio of 2.08 and a beta of 1.34.

The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Wednesday, November 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Tuesday, November 7th. LogMein’s payout ratio is 909.17%.

In related news, Director Steven J. Benson sold 3,016 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $111.60, for a total transaction of $336,585.60. Following the completion of the sale, the director now owns 1,787 shares in the company, valued at approximately $199,429.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher Battles sold 1,136 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total transaction of $135,672.48. Following the sale, the insider now owns 2,760 shares of the company’s stock, valued at approximately $329,626.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,152 shares of company stock valued at $2,710,858. Company insiders own 2.50% of the company’s stock.

A number of large investors have recently modified their holdings of LOGM. FMR LLC boosted its stake in LogMein by 45.9% during the 2nd quarter. FMR LLC now owns 4,236,789 shares of the software maker’s stock worth $442,745,000 after purchasing an additional 1,333,687 shares during the period. Wells Fargo & Company MN boosted its stake in LogMein by 75.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,521,683 shares of the software maker’s stock worth $167,461,000 after purchasing an additional 655,296 shares during the period. Bank of New York Mellon Corp boosted its stake in LogMein by 49.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,564,888 shares of the software maker’s stock worth $163,531,000 after purchasing an additional 520,318 shares during the period. American Century Companies Inc. boosted its stake in LogMein by 86.2% during the 2nd quarter. American Century Companies Inc. now owns 1,017,898 shares of the software maker’s stock worth $106,370,000 after purchasing an additional 471,356 shares during the period. Finally, Voya Investment Management LLC boosted its stake in LogMein by 159.3% during the 2nd quarter. Voya Investment Management LLC now owns 565,396 shares of the software maker’s stock worth $59,084,000 after purchasing an additional 347,390 shares during the period. Hedge funds and other institutional investors own 95.39% of the company’s stock.

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About LogMein

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.

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