Logitech International (LOGI) Set to Announce Earnings on Monday

Logitech International (NASDAQ:LOGI) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Logitech International to post earnings of $0.52 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Logitech International Price Performance

NASDAQ:LOGI opened at $79.26 on Friday. Logitech International has a 12 month low of $53.91 and a 12 month high of $96.66. The firm has a market capitalization of $12.53 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.74. The business’s 50-day moving average is $87.14 and its two-hundred day moving average is $86.33.

Insider Buying and Selling

In related news, COO Prakash Arunkundrum sold 23,023 shares of Logitech International stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the transaction, the chief operating officer now directly owns 61,056 shares in the company, valued at $5,495,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Logitech International news, COO Prakash Arunkundrum sold 23,023 shares of Logitech International stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the transaction, the chief operating officer now directly owns 61,056 shares in the company, valued at $5,495,040. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Samantha Harnett sold 650 shares of Logitech International stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the completion of the transaction, the insider now owns 11,910 shares of the company’s stock, valued at $1,002,464.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,572 shares of company stock worth $2,207,555. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Morgan Stanley reaffirmed an “underweight” rating and set a $75.00 target price (down from $85.00) on shares of Logitech International in a research report on Monday, April 15th. Berenberg Bank assumed coverage on Logitech International in a research report on Thursday, March 14th. They set a “buy” rating and a $111.00 target price on the stock. Barclays lifted their target price on Logitech International from $96.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Wedbush reaffirmed a “neutral” rating and set a $92.00 target price on shares of Logitech International in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.43.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.