LogMeIn (LOGM) to Release Earnings on Thursday

LogMeIn (NASDAQ:LOGM) is set to post its quarterly earnings results after the market closes on Thursday, February 15th. Analysts expect LogMeIn to post earnings of $1.17 per share for the quarter.

LogMeIn (LOGM) opened at $122.90 on Thursday. The company has a market capitalization of $6,470.00, a P/E ratio of 1,117.27, a price-to-earnings-growth ratio of 1.71 and a beta of 1.36. LogMeIn has a 12 month low of $90.35 and a 12 month high of $129.51.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th will be paid a $0.30 dividend. This is a boost from LogMeIn’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, February 9th. LogMeIn’s payout ratio is 909.09%.

Several research firms have recently issued reports on LOGM. BidaskClub raised LogMeIn from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. Zacks Investment Research raised LogMeIn from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Wednesday, November 1st. Oppenheimer reissued a “hold” rating on shares of LogMeIn in a research note on Wednesday, December 20th. Needham & Company LLC reduced their target price on LogMeIn from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, December 20th. Finally, Barclays boosted their target price on LogMeIn from $132.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. LogMeIn currently has an average rating of “Buy” and a consensus target price of $136.52.

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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.

Earnings History for LogMeIn (NASDAQ:LOGM)

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