Logitech International (NASDAQ:LOGI – Get Free Report) posted its earnings results on Monday. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.34, reports. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $956.85 million.
Logitech International Stock Up 0.8 %
Shares of LOGI stock opened at $79.01 on Thursday. The firm has a 50 day moving average of $86.82 and a two-hundred day moving average of $86.55. The stock has a market capitalization of $12.50 billion, a PE ratio of 20.42, a P/E/G ratio of 1.63 and a beta of 0.78. Logitech International has a 52 week low of $53.91 and a 52 week high of $96.66.
Insider Transactions at Logitech International
In related news, COO Prakash Arunkundrum sold 23,023 shares of Logitech International stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Logitech International news, insider Samantha Harnett sold 650 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the transaction, the insider now owns 11,910 shares in the company, valued at approximately $1,002,464.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the completion of the sale, the chief operating officer now directly owns 61,056 shares in the company, valued at $5,495,040. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,572 shares of company stock valued at $2,207,555. 0.15% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Logitech International
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Berenberg Bank initiated coverage on shares of Logitech International in a report on Thursday, March 14th. They issued a “buy” rating and a $111.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Logitech International from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $92.00 to $85.00 in a research note on Wednesday. Citigroup increased their price objective on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Wedbush restated a “neutral” rating and set a $92.00 price target on shares of Logitech International in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $91.00.
View Our Latest Stock Analysis on Logitech International
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.
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