Analysts Expect Logitech International SA (LOGI) to Post $0.46 EPS

Brokerages forecast that Logitech International SA (NASDAQ:LOGI) will announce $0.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Logitech International’s earnings, with estimates ranging from $0.45 to $0.46. Logitech International reported earnings of $0.40 per share in the same quarter last year, which suggests a positive year over year growth rate of 15%. The firm is scheduled to announce its next earnings report after the market closes on Monday, October 22nd.

On average, analysts expect that Logitech International will report full year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.89. For the next year, analysts expect that the business will report earnings of $2.08 per share, with EPS estimates ranging from $1.96 to $2.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Logitech International.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Monday, July 30th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. Logitech International had a net margin of 7.97% and a return on equity of 24.63%. The firm had revenue of $608.48 million for the quarter, compared to the consensus estimate of $584.37 million. During the same period in the prior year, the firm posted $0.24 earnings per share.

Several equities analysts have issued reports on LOGI shares. Zacks Investment Research downgraded shares of Logitech International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 24th. BidaskClub downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. DA Davidson increased their price objective on shares of Logitech International from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Loop Capital increased their price objective on shares of Logitech International to $53.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $49.60.

LOGI opened at $39.11 on Friday. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.80 and a beta of 0.96. Logitech International has a 52-week low of $32.66 and a 52-week high of $49.96.

In other Logitech International news, CEO Bracken Darrell sold 100,000 shares of the stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $45.66, for a total transaction of $4,566,000.00. Following the transaction, the chief executive officer now directly owns 712,137 shares of the company’s stock, valued at $32,516,175.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of LOGI. Financial Gravity Wealth Inc. acquired a new stake in shares of Logitech International in the first quarter valued at about $144,000. Bailard Inc. acquired a new stake in shares of Logitech International in the second quarter valued at about $206,000. Fox Run Management L.L.C. acquired a new stake in shares of Logitech International in the third quarter valued at about $238,000. Cutler Group LP raised its position in shares of Logitech International by 143.7% in the second quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock valued at $241,000 after buying an additional 3,248 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Logitech International in the first quarter valued at about $207,000. 36.45% of the stock is currently owned by institutional investors and hedge funds.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.

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