Logitech International (LOGI) Set to Announce Earnings on Monday

Logitech International (NASDAQ:LOGI) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect Logitech International to post earnings of $0.98 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.03 billion. On average, analysts expect Logitech International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Logitech International Trading Up 1.2 %

Shares of NASDAQ LOGI opened at $88.63 on Friday. The stock has a fifty day simple moving average of $87.67 and a two-hundred day simple moving average of $89.37. Logitech International has a 1-year low of $67.82 and a 1-year high of $102.59. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 2.47 and a beta of 0.79.

Logitech International Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were given a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio is currently 13.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LOGI shares. Barclays upped their price objective on shares of Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wedbush restated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Tuesday, July 16th. Loop Capital lifted their price objective on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Finally, StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Logitech International has a consensus rating of “Hold” and an average price target of $93.14.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.