Equities research analysts expect that Logitech International SA (NASDAQ:LOGI) will announce earnings of $0.67 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Logitech International’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.63. Logitech International posted earnings per share of $0.65 during the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The business is expected to announce its next quarterly earnings results on Monday, January 28th.

According to Zacks, analysts expect that Logitech International will report full-year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.83 to $1.91. For the next year, analysts forecast that the company will report earnings of $2.10 per share, with EPS estimates ranging from $2.00 to $2.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Logitech International.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Monday, October 22nd. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.10. The company had revenue of $691.15 million for the quarter, compared to analysts’ expectations of $695.41 million. Logitech International had a net margin of 8.06% and a return on equity of 25.43%.

A number of equities analysts have recently issued reports on LOGI shares. BidaskClub raised shares of Logitech International from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Zacks Investment Research raised shares of Logitech International from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Maxim Group started coverage on shares of Logitech International in a research report on Monday, November 5th. They set a “sell” rating on the stock. ValuEngine cut shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Loop Capital increased their price objective on shares of Logitech International to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bailard Inc. bought a new position in Logitech International in the 2nd quarter valued at about $206,000. Millennium Management LLC bought a new position in Logitech International in the 1st quarter valued at about $207,000. Virtu Financial LLC bought a new position in Logitech International in the 3rd quarter valued at about $232,000. Fox Run Management L.L.C. bought a new position in Logitech International in the 3rd quarter valued at about $238,000. Finally, Cutler Group LP lifted its position in Logitech International by 143.7% in the 2nd quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock valued at $241,000 after acquiring an additional 3,248 shares in the last quarter. 37.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of LOGI stock traded up $0.08 on Tuesday, reaching $35.32. 166,700 shares of the company were exchanged, compared to its average volume of 336,350. The stock has a market capitalization of $6.03 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09. Logitech International has a one year low of $32.66 and a one year high of $49.96.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.

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Earnings History and Estimates for Logitech International (NASDAQ:LOGI)

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