Logitech International (LOGI) to Release Quarterly Earnings on Monday

Logitech International (NASDAQ:LOGI) is scheduled to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.00 by $0.43. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. On average, analysts expect Logitech International to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Logitech International Price Performance

Shares of LOGI opened at $77.31 on Monday. The company has a 50-day simple moving average of $87.87 and a two-hundred day simple moving average of $86.16. Logitech International has a one year low of $53.91 and a one year high of $96.66. The firm has a market capitalization of $12.23 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.62 and a beta of 0.74.

Insider Activity

In other news, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the transaction, the chief operating officer now directly owns 61,056 shares of the company’s stock, valued at approximately $5,495,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Samantha Harnett sold 650 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $84.17, for a total value of $54,710.50. Following the completion of the sale, the insider now directly owns 11,910 shares in the company, valued at approximately $1,002,464.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Prakash Arunkundrum sold 23,023 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the sale, the chief operating officer now owns 61,056 shares of the company’s stock, valued at $5,495,040. The disclosure for this sale can be found here. Insiders have sold 24,572 shares of company stock valued at $2,207,555 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Logitech International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Logitech International by 233.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 551 shares of the technology company’s stock worth $34,000 after purchasing an additional 386 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Logitech International in the 4th quarter worth $64,000. State of Wyoming purchased a new stake in shares of Logitech International in the 4th quarter worth $75,000. Captrust Financial Advisors increased its stake in Logitech International by 19.3% in the 2nd quarter. Captrust Financial Advisors now owns 3,682 shares of the technology company’s stock worth $192,000 after buying an additional 595 shares in the last quarter. Finally, Evergreen Capital Management LLC purchased a new stake in Logitech International in the 4th quarter worth $214,000. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wedbush reissued a “neutral” rating and issued a $92.00 price target on shares of Logitech International in a research report on Monday, March 18th. Berenberg Bank started coverage on Logitech International in a research report on Thursday, March 14th. They issued a “buy” rating and a $111.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $75.00 price objective (down from $85.00) on shares of Logitech International in a research report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.43.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.