$0.51 Earnings Per Share Expected for Logitech International SA (NASDAQ:LOGI) This Quarter

Wall Street analysts expect Logitech International SA (NASDAQ:LOGI) to report earnings per share (EPS) of $0.51 for the current quarter, Zacks reports. Three analysts have issued estimates for Logitech International’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.53. Logitech International posted earnings per share of $0.49 during the same quarter last year, which indicates a positive year-over-year growth rate of 4.1%. The business is scheduled to issue its next earnings results on Monday, October 28th.

According to Zacks, analysts expect that Logitech International will report full-year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.16 to $2.20. For the next financial year, analysts forecast that the company will post earnings of $2.40 per share, with EPS estimates ranging from $2.30 to $2.55. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Logitech International.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, July 22nd. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.11. Logitech International had a return on equity of 26.38% and a net margin of 9.36%. During the same period in the previous year, the company posted $0.34 EPS.

A number of brokerages recently weighed in on LOGI. BidaskClub cut Logitech International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. ValuEngine raised Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Wedbush reissued a “buy” rating and issued a $45.00 price target on shares of Logitech International in a research note on Thursday, July 18th. Maxim Group reissued a “hold” rating and issued a $36.00 price target on shares of Logitech International in a research note on Wednesday, July 24th. Finally, Citigroup set a $46.00 price target on Logitech International and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $45.17.

LOGI traded down $0.20 during trading on Thursday, reaching $37.98. The company had a trading volume of 129,982 shares, compared to its average volume of 223,701. The company has a 50-day moving average of $39.76. The firm has a market capitalization of $6.20 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.27 and a beta of 1.25. Logitech International has a 12-month low of $29.06 and a 12-month high of $49.96.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of Logitech International by 26.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,254,137 shares of the technology company’s stock valued at $165,401,000 after buying an additional 881,282 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Logitech International by 274.9% during the first quarter. Marshall Wace LLP now owns 1,151,796 shares of the technology company’s stock worth $45,142,000 after purchasing an additional 844,530 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Logitech International during the second quarter worth $9,146,000. Pennsylvania Trust Co bought a new stake in shares of Logitech International during the first quarter worth $35,862,000. Finally, Jane Street Group LLC grew its holdings in shares of Logitech International by 130.8% during the second quarter. Jane Street Group LLC now owns 347,200 shares of the technology company’s stock worth $13,870,000 after purchasing an additional 196,737 shares during the last quarter. 32.74% of the stock is currently owned by institutional investors.

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

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