Logitech International SA (NASDAQ:LOGI) Expected to Announce Earnings of $0.51 Per Share

Equities research analysts forecast that Logitech International SA (NASDAQ:LOGI) will report earnings per share of $0.51 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Logitech International’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.49. Logitech International reported earnings per share of $0.49 during the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The company is expected to announce its next quarterly earnings report on Monday, October 28th.

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

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

Several equities analysts recently commented on the stock. Citigroup set a $46.00 price target on shares of Logitech International and gave the company a “buy” rating in a report on Wednesday, July 3rd. Wedbush reiterated a “buy” rating and set a $45.00 price target on shares of Logitech International in a report on Thursday, July 18th. ValuEngine upgraded shares of Logitech International from a “sell” rating to a “hold” rating in a report on Friday, July 19th. BidaskClub downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Maxim Group reiterated a “hold” rating and set a $36.00 price target on shares of Logitech International in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.17.

NASDAQ:LOGI traded down $0.20 during mid-day trading on Thursday, hitting $37.98. 129,982 shares of the stock traded hands, compared to its average volume of 223,701. The stock has a market cap of $6.20 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.27 and a beta of 1.25. Logitech International has a 52 week low of $29.06 and a 52 week high of $49.96. The stock has a 50 day moving average price of $39.76.

A number of hedge funds have recently modified their holdings of the business. OneAscent Financial Services LLC bought a new position in Logitech International in the 2nd quarter worth about $355,000. Jane Street Group LLC grew its stake in Logitech International by 130.8% in the 2nd quarter. Jane Street Group LLC now owns 347,200 shares of the technology company’s stock worth $13,870,000 after acquiring an additional 196,737 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Logitech International by 31.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,443 shares of the technology company’s stock worth $296,000 after acquiring an additional 1,781 shares in the last quarter. Zurich Insurance Group Ltd FI grew its stake in Logitech International by 98.2% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 18,870 shares of the technology company’s stock worth $754,000 after acquiring an additional 9,351 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Logitech International by 105.4% in the 2nd quarter. Mackenzie Financial Corp now owns 261,873 shares of the technology company’s stock worth $10,412,000 after acquiring an additional 134,354 shares in the last quarter. Institutional investors and hedge funds own 32.74% of the company’s stock.

About Logitech International

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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