Logitech International (NASDAQ:LOGI) Announces Earnings Results, Beats Estimates By $0.07 EPS

Logitech International (NASDAQ:LOGI) released its quarterly earnings results on Tuesday. The technology company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07, Zacks reports. Logitech International had a return on equity of 30.68% and a net margin of 15.65%.

Logitech International Stock Performance

Shares of NASDAQ:LOGI traded up $0.97 during trading on Tuesday, reaching $92.96. 1,371,019 shares of the stock traded hands, compared to its average volume of 757,490. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59. The stock has a market cap of $14.70 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. The stock has a 50-day moving average of $84.11 and a two-hundred day moving average of $85.62.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, January 22nd. Loop Capital dropped their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. increased their price target on shares of Logitech International from $93.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Finally, Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $114.00 to $92.00 in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $95.75.

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.