Zacks: Brokerages Expect Logitech International SA (LOGI) Will Post Earnings of $0.31 Per Share

Share on StockTwits

Wall Street brokerages expect Logitech International SA (NASDAQ:LOGI) to report earnings of $0.31 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Logitech International’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.32. Logitech International posted earnings of $0.32 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, April 29th.

On average, analysts expect that Logitech International will report full-year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.97. For the next financial year, analysts forecast that the company will report earnings of $2.12 per share, with EPS estimates ranging from $2.10 to $2.13. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Logitech International.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Monday, January 21st. The technology company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.17. Logitech International had a return on equity of 26.85% and a net margin of 9.06%. The business had revenue of $864.39 million during the quarter, compared to the consensus estimate of $854.11 million. During the same period in the previous year, the business earned $0.65 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis.

Several research firms have recently weighed in on LOGI. Zacks Investment Research raised Logitech International from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Tuesday, April 2nd. BidaskClub raised Logitech International from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Maxim Group reissued a “hold” rating and issued a $34.00 target price on shares of Logitech International in a report on Monday, March 11th. ValuEngine raised Logitech International from a “sell” rating to a “hold” rating in a report on Friday, December 21st. Finally, Wedbush reissued a “buy” rating and issued a $40.00 target price on shares of Logitech International in a report on Tuesday, January 22nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $45.29.

Logitech International stock opened at $41.58 on Tuesday. Logitech International has a fifty-two week low of $29.06 and a fifty-two week high of $49.96. The stock has a market capitalization of $6.82 billion, a PE ratio of 31.03, a PEG ratio of 2.47 and a beta of 1.21.

A number of hedge funds have recently modified their holdings of LOGI. BlackRock Inc. increased its position in Logitech International by 460.9% in the 3rd quarter. BlackRock Inc. now owns 30,973 shares of the technology company’s stock valued at $1,385,000 after acquiring an additional 25,451 shares during the period. Virtu Financial LLC acquired a new position in Logitech International in the 3rd quarter valued at about $232,000. Dimensional Fund Advisors LP increased its position in Logitech International by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 332,968 shares of the technology company’s stock valued at $14,890,000 after acquiring an additional 3,500 shares during the period. AMP Capital Investors Ltd acquired a new position in Logitech International in the 3rd quarter valued at about $272,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Logitech International in the 3rd quarter valued at about $334,000. Hedge funds and other institutional investors own 38.99% of the company’s stock.

Logitech International Company Profile

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.

Read More: Retained Earnings

Get a free copy of the Zacks research report on Logitech International (LOGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Logitech International (NASDAQ:LOGI)

Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EthereumX Price Hits $0.0010 on Top Exchanges
EthereumX Price Hits $0.0010 on Top Exchanges
$727.15 Million in Sales Expected for Carter’s, Inc.  This Quarter
$727.15 Million in Sales Expected for Carter’s, Inc. This Quarter
Nordson  Posts  Earnings Results, Misses Expectations By $0.06 EPS
Nordson Posts Earnings Results, Misses Expectations By $0.06 EPS
LGL Group Inc  CEO Michael J. Ferrantino Sells 10,100 Shares
LGL Group Inc CEO Michael J. Ferrantino Sells 10,100 Shares
Snap Inc  CAO Sells $11,998.47 in Stock
Snap Inc CAO Sells $11,998.47 in Stock
Evolus  PT Set at $31.00 by Mizuho
Evolus PT Set at $31.00 by Mizuho


© 2006-2019 Ticker Report