Logitech International (LOGI) to Release Quarterly Earnings on Monday

Logitech International (NASDAQ:LOGI) will announce its earnings results after the market closes on Monday, October 22nd. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Monday, July 30th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. Logitech International had a return on equity of 24.63% and a net margin of 7.97%. The firm had revenue of $608.48 million during the quarter, compared to the consensus estimate of $584.37 million. During the same period in the prior year, the firm earned $0.24 EPS. On average, analysts expect Logitech International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NASDAQ LOGI opened at $39.05 on Friday. Logitech International has a 12-month low of $32.66 and a 12-month high of $49.96. The firm has a market capitalization of $6.69 billion, a P/E ratio of 29.14, a P/E/G ratio of 2.55 and a beta of 0.96.

LOGI has been the subject of several recent research reports. Zacks Investment Research downgraded Logitech International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 24th. BidaskClub downgraded Logitech International from a “sell” rating to a “strong sell” rating in a report on Thursday, October 11th. ValuEngine downgraded Logitech International from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. DA Davidson increased their price target on Logitech International to $55.00 and gave the company a “buy” rating in a report on Monday, July 23rd. Finally, Citigroup lowered their price target on Logitech International from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $49.20.

In related news, CEO Bracken Darrell sold 100,000 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $45.66, for a total value of $4,566,000.00. Following the completion of the sale, the chief executive officer now directly owns 712,137 shares in the company, valued at approximately $32,516,175.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

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 for Logitech International (NASDAQ:LOGI)

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