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.
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.
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