Zacks: Analysts Anticipate LogMeIn Inc (LOGM) to Announce $1.34 EPS

Equities research analysts expect LogMeIn Inc (NASDAQ:LOGM) to report earnings per share (EPS) of $1.34 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for LogMeIn’s earnings. The highest EPS estimate is $1.34 and the lowest is $1.33. LogMeIn reported earnings of $1.16 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15.5%. The company is scheduled to report its next earnings results after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that LogMeIn will report full-year earnings of $5.22 per share for the current fiscal year, with EPS estimates ranging from $5.18 to $5.24. For the next year, analysts anticipate that the firm will post earnings of $5.77 per share, with EPS estimates ranging from $5.58 to $5.92. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for LogMeIn.

LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings data on Thursday, July 26th. The software maker reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. LogMeIn had a net margin of 12.34% and a return on equity of 6.75%. The firm had revenue of $307.00 million for the quarter, compared to analyst estimates of $305.13 million. During the same period last year, the firm posted $1.01 EPS. LogMeIn’s quarterly revenue was up 15.0% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. Piper Jaffray Companies lowered shares of LogMeIn from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $135.00 to $95.00 in a research report on Friday, July 27th. JPMorgan Chase & Co. restated a “neutral” rating and set a $96.00 target price (down from $145.00) on shares of LogMeIn in a research report on Friday, July 27th. KeyCorp decreased their target price on shares of LogMeIn from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. BidaskClub lowered shares of LogMeIn from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, ValuEngine lowered shares of LogMeIn from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $116.27.

In related news, Director Michael K. Simon sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $80.92, for a total value of $1,618,400.00. Following the completion of the transaction, the director now owns 664,053 shares of the company’s stock, valued at approximately $53,735,168.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Battles sold 2,530 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $81.13, for a total transaction of $205,258.90. Following the completion of the transaction, the insider now directly owns 5,468 shares of the company’s stock, valued at approximately $443,618.84. The disclosure for this sale can be found here. Insiders sold a total of 62,790 shares of company stock worth $5,190,442 over the last quarter. Insiders own 2.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in LOGM. Vaughan Nelson Investment Management L.P. acquired a new position in LogMeIn in the 2nd quarter valued at about $69,257,000. First Trust Advisors LP raised its stake in LogMeIn by 23.4% in the 2nd quarter. First Trust Advisors LP now owns 1,498,716 shares of the software maker’s stock valued at $154,742,000 after purchasing an additional 284,212 shares during the last quarter. King Luther Capital Management Corp acquired a new position in LogMeIn in the 2nd quarter valued at about $21,611,000. Morgan Stanley raised its stake in LogMeIn by 124.3% in the 2nd quarter. Morgan Stanley now owns 328,531 shares of the software maker’s stock valued at $33,921,000 after purchasing an additional 182,043 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in LogMeIn by 16.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,205,447 shares of the software maker’s stock valued at $124,462,000 after purchasing an additional 173,632 shares during the last quarter. 98.70% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:LOGM opened at $81.96 on Tuesday. LogMeIn has a 1-year low of $77.05 and a 1-year high of $134.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $4.36 billion, a P/E ratio of 24.47, a PEG ratio of 1.15 and a beta of 1.09.

About LogMeIn

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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