Analysts expect that LogMein, Inc. (NASDAQ:LOGM) will post $1.16 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have provided estimates for LogMein’s earnings, with the highest EPS estimate coming in at $1.18 and the lowest estimate coming in at $1.15. LogMein posted earnings of $0.62 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 87.1%. The business is expected to issue its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that LogMein will report full-year earnings of $4.18 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.24. For the next fiscal year, analysts forecast that the business will report earnings of $4.95 per share, with EPS estimates ranging from $4.75 to $5.22. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow LogMein.

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

A number of analysts have issued reports on LOGM shares. Royal Bank Of Canada reissued a “buy” rating and issued a $140.00 target price on shares of LogMein in a research report on Monday, September 4th. Robert W. Baird raised LogMein from a “neutral” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Tuesday, October 3rd. Piper Jaffray Companies reissued a “buy” rating and issued a $170.00 target price on shares of LogMein in a research report on Tuesday, October 24th. Cowen reissued a “buy” rating and issued a $134.00 target price on shares of LogMein in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of LogMein from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $135.96.

Shares of LogMein (NASDAQ LOGM) traded up $0.30 during midday trading on Monday, reaching $117.30. The company’s stock had a trading volume of 288,954 shares, compared to its average volume of 710,713. The stock has a market capitalization of $6,180.00, a price-to-earnings ratio of 43.66, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28. LogMein has a 52 week low of $90.35 and a 52 week high of $129.51.

The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Wednesday, November 8th were given a $0.25 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. LogMein’s dividend payout ratio (DPR) is presently 909.09%.

In related news, Director Steven J. Benson sold 3,016 shares of the stock in a transaction dated 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 transaction, the director now directly owns 1,787 shares of the company’s stock, valued at $199,429.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Battles sold 1,136 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total transaction of $135,672.48. Following the transaction, the insider now directly owns 2,760 shares of the company’s stock, valued at $329,626.80. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of LOGM. AXA acquired a new position in LogMein during the third quarter worth about $6,042,000. Neuberger Berman Group LLC grew its position in shares of LogMein by 16.3% in the third quarter. Neuberger Berman Group LLC now owns 245,215 shares of the software maker’s stock valued at $26,986,000 after purchasing an additional 34,451 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of LogMein by 31.4% in the third quarter. Cubist Systematic Strategies LLC now owns 26,593 shares of the software maker’s stock valued at $2,927,000 after purchasing an additional 6,360 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of LogMein in the third quarter valued at approximately $322,000. Finally, Allianz Asset Management GmbH grew its position in shares of LogMein by 345.8% in the third quarter. Allianz Asset Management GmbH now owns 87,006 shares of the software maker’s stock valued at $9,575,000 after purchasing an additional 67,490 shares during the last quarter. 99.32% of the stock is owned by hedge funds and other institutional investors.

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LogMein Company Profile

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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