Brokerages Anticipate LogMeIn Inc (NASDAQ:LOGM) to Announce $1.39 EPS

Analysts expect LogMeIn Inc (NASDAQ:LOGM) to announce earnings of $1.39 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for LogMeIn’s earnings. The lowest EPS estimate is $1.38 and the highest is $1.40. LogMeIn reported earnings per share of $1.47 during the same quarter last year, which would suggest a negative year over year growth rate of 5.4%. The business is scheduled to issue its next earnings results on Thursday, February 13th.

On average, analysts expect that LogMeIn will report full-year earnings of $5.12 per share for the current fiscal year, with EPS estimates ranging from $5.09 to $5.13. For the next financial year, analysts anticipate that the company will report earnings of $5.02 per share, with EPS estimates ranging from $4.74 to $5.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for LogMeIn.

LogMeIn (NASDAQ:LOGM) last posted its earnings results on Thursday, October 24th. The software maker reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.03. LogMeIn had a net margin of 1.20% and a return on equity of 7.37%. The firm had revenue of $317.20 million during the quarter, compared to analyst estimates of $316.29 million. During the same period in the previous year, the business posted $1.40 EPS. LogMeIn’s revenue was up 2.7% on a year-over-year basis.

A number of equities research analysts have recently issued reports on LOGM shares. Barclays cut their price target on shares of LogMeIn from $75.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada cut their price target on shares of LogMeIn from $87.00 to $70.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Robert W. Baird set a $85.00 price target on shares of LogMeIn and gave the company a “hold” rating in a report on Friday, July 26th. ValuEngine upgraded shares of LogMeIn from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub downgraded shares of LogMeIn from a “sell” rating to a “strong sell” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.20.

Shares of LOGM stock traded up $0.31 during midday trading on Friday, reaching $69.89. 1,178,100 shares of the company were exchanged, compared to its average volume of 611,461. LogMeIn has a 12 month low of $62.02 and a 12 month high of $96.87. The company’s 50 day moving average price is $68.51 and its two-hundred day moving average price is $72.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $3.50 billion, a P/E ratio of 15.36, a PEG ratio of 3.44 and a beta of 1.07.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 13th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, November 12th. LogMeIn’s payout ratio is presently 28.57%.

In other LogMeIn news, Director Steven J. Benson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $66.96, for a total value of $66,960.00. Following the completion of the sale, the director now directly owns 2,223 shares of the company’s stock, valued at $148,852.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter John Sacripanti sold 7,124 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $70.00, for a total transaction of $498,680.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of LOGM. Man Group plc grew its position in LogMeIn by 331.5% in the second quarter. Man Group plc now owns 878,903 shares of the software maker’s stock worth $64,757,000 after acquiring an additional 675,205 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in LogMeIn by 780.7% in the second quarter. UBS Asset Management Americas Inc. now owns 500,216 shares of the software maker’s stock worth $36,856,000 after acquiring an additional 443,417 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in LogMeIn in the second quarter worth approximately $32,132,000. First Trust Advisors LP grew its position in LogMeIn by 21.5% in the second quarter. First Trust Advisors LP now owns 2,057,435 shares of the software maker’s stock worth $151,592,000 after acquiring an additional 363,552 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in LogMeIn by 170.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 482,987 shares of the software maker’s stock worth $35,587,000 after acquiring an additional 304,105 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

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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