Zacks: Brokerages Anticipate LogMeIn Inc (NASDAQ:LOGM) Will Announce Earnings of $1.39 Per Share

Wall Street analysts expect LogMeIn Inc (NASDAQ:LOGM) to announce earnings of $1.39 per share for the current quarter, Zacks reports. Five analysts have issued estimates for LogMeIn’s earnings, with estimates ranging from $1.39 to $1.40. LogMeIn posted earnings per share of $1.47 during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.4%. The business is expected to report its next earnings results on Thursday, February 13th.

On average, analysts expect that LogMeIn will report full year earnings of $5.13 per share for the current fiscal year, with EPS estimates ranging from $5.12 to $5.14. For the next financial year, analysts forecast that the firm will report earnings of $5.03 per share, with EPS estimates ranging from $4.74 to $5.33. Zacks’ EPS averages are an average based on a survey of research analysts that follow LogMeIn.

LogMeIn (NASDAQ:LOGM) last issued its earnings results on Thursday, October 24th. The software maker reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.03. The firm had revenue of $317.20 million during the quarter, compared to analyst estimates of $316.29 million. LogMeIn had a net margin of 1.20% and a return on equity of 7.37%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of LogMeIn from $87.00 to $70.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Berenberg Bank assumed coverage on shares of LogMeIn in a research report on Thursday, October 10th. They set a “buy” rating and a $91.00 target price on the stock. KeyCorp decreased their price target on shares of LogMeIn from $98.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Barclays lowered their price target on LogMeIn from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Finally, BidaskClub upgraded LogMeIn from a “strong sell” rating to a “sell” rating in a report on Saturday, November 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. LogMeIn has a consensus rating of “Hold” and a consensus price target of $88.20.

In other news, SVP Michael J. Donahue sold 11,642 shares of LogMeIn stock in a transaction on Friday, November 15th. The stock was sold at an average price of $80.00, for a total value of $931,360.00. Following the transaction, the senior vice president now directly owns 5,000 shares in the company, valued at approximately $400,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter John Sacripanti sold 7,124 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $70.00, for a total value of $498,680.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,802 shares of company stock valued at $1,752,920. Company insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its stake in LogMeIn by 157.0% in the third quarter. Barclays PLC now owns 74,766 shares of the software maker’s stock valued at $5,305,000 after purchasing an additional 45,669 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of LogMeIn by 4.5% during the third quarter. Public Employees Retirement System of Ohio now owns 40,289 shares of the software maker’s stock valued at $2,859,000 after buying an additional 1,717 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of LogMeIn by 0.3% during the third quarter. California State Teachers Retirement System now owns 78,204 shares of the software maker’s stock valued at $5,549,000 after buying an additional 211 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of LogMeIn by 232.1% in the 3rd quarter. Stifel Financial Corp now owns 50,450 shares of the software maker’s stock valued at $3,474,000 after buying an additional 35,258 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of LogMeIn by 7.4% in the 3rd quarter. Voya Investment Management LLC now owns 152,823 shares of the software maker’s stock valued at $10,844,000 after buying an additional 10,515 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Shares of LOGM opened at $74.04 on Tuesday. LogMeIn has a 1-year low of $62.02 and a 1-year high of $96.87. The company has a 50-day moving average of $72.24 and a 200 day moving average of $71.72. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 3.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.47 and a quick ratio of 0.47.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Tuesday, November 12th. LogMeIn’s dividend payout ratio (DPR) is 28.57%.

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.

Further Reading: What is a capital gain?

Get a free copy of the Zacks research report on LogMeIn (LOGM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for LogMeIn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMeIn and related companies with MarketBeat.com's FREE daily email newsletter.