Wall Street analysts expect LogMeIn Inc (NASDAQ:LOGM) to report earnings per share (EPS) of $1.34 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for LogMeIn’s earnings, with the lowest EPS estimate coming in at $1.33 and the highest estimate coming in at $1.34. LogMeIn posted earnings per share of $1.16 in the same quarter last year, which would indicate a positive year over year growth rate of 15.5%. The company is scheduled to report its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that LogMeIn will report full year earnings of $5.22 per share for the current year, with EPS estimates ranging from $5.18 to $5.24. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.85 per share, with EPS estimates ranging from $5.58 to $6.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow LogMeIn.
LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings results on Thursday, July 26th. The software maker reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $307.00 million during the quarter, compared to analyst estimates of $305.13 million. LogMeIn had a net margin of 12.34% and a return on equity of 6.75%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS.
Several research firms recently commented on LOGM. ValuEngine raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. BidaskClub raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Zacks Investment Research raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $96.00 target price (down from $145.00) on shares of LogMeIn in a research note on Friday, July 27th. Finally, Piper Jaffray Companies lowered shares of LogMeIn from an “overweight” rating to a “neutral” rating and cut their target price for the company from $135.00 to $95.00 in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $117.90.
Shares of NASDAQ:LOGM traded up $0.65 during trading on Tuesday, reaching $85.50. The company had a trading volume of 474,800 shares, compared to its average volume of 663,470. The firm has a market cap of $4.36 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.14 and a beta of 1.09. LogMeIn has a twelve month low of $77.05 and a twelve month high of $134.80. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.07.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Wednesday, August 8th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 7th. LogMeIn’s dividend payout ratio is presently 35.82%.
In related news, insider Christopher Battles sold 2,530 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $81.13, for a total value of $205,258.90. Following the completion of the sale, the insider now owns 5,468 shares in the company, valued at approximately $443,618.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael K. Simon sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $82.63, for a total transaction of $1,652,600.00. Following the completion of the sale, the director now owns 644,352 shares of the company’s stock, valued at approximately $53,242,805.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,790 shares of company stock valued at $3,498,242. Company insiders own 2.30% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. increased its stake in LogMeIn by 51.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,182 shares of the software maker’s stock valued at $483,000 after buying an additional 1,415 shares during the period. Prudential Financial Inc. increased its stake in LogMeIn by 347.6% in the 1st quarter. Prudential Financial Inc. now owns 158,280 shares of the software maker’s stock valued at $18,290,000 after buying an additional 122,921 shares during the period. Swiss National Bank increased its stake in LogMeIn by 2.1% in the 1st quarter. Swiss National Bank now owns 91,800 shares of the software maker’s stock valued at $10,607,000 after buying an additional 1,900 shares during the period. Schwab Charles Investment Management Inc. increased its stake in LogMeIn by 15.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 180,225 shares of the software maker’s stock valued at $20,825,000 after buying an additional 24,437 shares during the period. Finally, Aperio Group LLC increased its stake in LogMeIn by 10.3% in the 1st quarter. Aperio Group LLC now owns 39,361 shares of the software maker’s stock valued at $4,548,000 after buying an additional 3,674 shares during the period. Institutional investors and hedge funds own 98.74% of the company’s stock.
LogMeIn Company Profile
LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.
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