FY2028 Earnings Estimate for LOGI Issued By Wedbush

Logitech International S.A. (NASDAQ:LOGI) – Research analysts at Wedbush issued their FY2028 earnings estimates for Logitech International in a research report issued to clients and investors on Wednesday, April 30th. Wedbush analyst A. Reese anticipates that the technology company will post earnings of $5.73 per share for the year. Wedbush currently has a “Outperform” rating and a $110.00 price target on the stock. The consensus estimate for Logitech International’s current full-year earnings is $4.21 per share.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share.

LOGI has been the subject of a number of other reports. Barclays lowered their price objective on Logitech International from $108.00 to $92.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Logitech International from $96.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Kepler Capital Markets raised Logitech International from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Finally, Bank of America raised Logitech International from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $73.00 in a report on Friday, April 4th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.14.

Logitech International Price Performance

Shares of NASDAQ LOGI opened at $78.15 on Friday. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 2.61 and a beta of 0.97. The stock’s 50-day moving average is $83.08 and its two-hundred day moving average is $85.85. Logitech International has a 1-year low of $64.73 and a 1-year high of $105.65.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new stake in Logitech International in the fourth quarter valued at approximately $26,000. Sierra Ocean LLC purchased a new stake in Logitech International in the 4th quarter valued at $27,000. Bessemer Group Inc. boosted its stake in Logitech International by 1,339.1% during the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company’s stock worth $27,000 after purchasing an additional 308 shares during the period. Exane Asset Management purchased a new position in Logitech International during the 4th quarter worth $32,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Logitech International by 975.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company’s stock valued at $40,000 after buying an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insider Buying and Selling at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the completion of the sale, the insider now directly owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by insiders.

Logitech International declared that its board has initiated a share buyback program on Wednesday, March 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

About Logitech International

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.