Analysts Expect LogMeIn Inc (LOGM) Will Post Earnings of $1.14 Per Share

Equities analysts expect LogMeIn Inc (NASDAQ:LOGM) to report earnings per share of $1.14 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for LogMeIn’s earnings, with estimates ranging from $1.13 to $1.14. LogMeIn posted earnings per share of $1.21 during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, April 25th.

On average, analysts expect that LogMeIn will report full-year earnings of $4.94 per share for the current fiscal year, with EPS estimates ranging from $4.92 to $4.97. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.88 per share, with EPS estimates ranging from $4.59 to $5.37. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow LogMeIn.

LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings data on Thursday, February 14th. The software maker reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.06. The company had revenue of $310.70 million during the quarter, compared to analysts’ expectations of $306.57 million. LogMeIn had a return on equity of 7.69% and a net margin of 6.17%. LogMeIn’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share.

A number of analysts have commented on LOGM shares. Zacks Investment Research upgraded LogMeIn from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Barclays cut LogMeIn from an “overweight” rating to an “underweight” rating and reduced their price target for the stock from $104.00 to $74.00 in a research report on Friday, April 12th. BidaskClub upgraded LogMeIn from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. ValuEngine cut LogMeIn from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Finally, Northland Securities restated a “buy” rating and issued a $125.00 price target on shares of LogMeIn in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $100.45.

In other LogMeIn news, Director Michael K. Simon sold 22,500 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $81.17, for a total value of $1,826,325.00. Following the completion of the sale, the director now owns 547,074 shares in the company, valued at $44,405,996.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of LogMeIn by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,579,956 shares of the software maker’s stock worth $408,073,000 after acquiring an additional 63,104 shares during the period. Vanguard Group Inc lifted its holdings in LogMeIn by 1.4% in the third quarter. Vanguard Group Inc now owns 4,579,956 shares of the software maker’s stock valued at $408,073,000 after acquiring an additional 63,104 shares during the last quarter. BlackRock Inc. lifted its holdings in LogMeIn by 1.0% in the fourth quarter. BlackRock Inc. now owns 4,547,403 shares of the software maker’s stock valued at $370,931,000 after acquiring an additional 45,603 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in LogMeIn by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,707,533 shares of the software maker’s stock valued at $139,285,000 after acquiring an additional 43,653 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in LogMeIn by 51.1% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,106,383 shares of the software maker’s stock valued at $90,248,000 after acquiring an additional 374,020 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

LogMeIn stock opened at $82.04 on Friday. The firm has a market cap of $4.10 billion, a P/E ratio of 18.03, a PEG ratio of 1.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.63 and a quick ratio of 0.63. LogMeIn has a one year low of $74.87 and a one year high of $123.00.

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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