LogMeIn (NASDAQ:LOGM) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $5.33-5.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.22. The company issued revenue guidance of $1.203-1.204 billion, compared to the consensus revenue estimate of $1.19 billion.LogMeIn also updated its Q4 2018 guidance to $1.41-1.42 EPS.
NASDAQ:LOGM traded up $9.06 on Friday, hitting $84.90. 74,632 shares of the company’s stock traded hands, compared to its average volume of 697,130. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.64 and a quick ratio of 0.64. LogMeIn has a 1 year low of $74.87 and a 1 year high of $134.80. The stock has a market cap of $4.20 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.10 and a beta of 1.09.
LogMeIn (NASDAQ:LOGM) last released its earnings results on Thursday, October 25th. The software maker reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.06. LogMeIn had a return on equity of 6.75% and a net margin of 12.34%. The company had revenue of $309.58 million for the quarter, compared to analysts’ expectations of $302.92 million. On average, equities research analysts anticipate that LogMeIn will post 4.2 earnings per share for the current year.
In other news, Director Michael K. Simon sold 20,000 shares of LogMeIn stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $82.63, for a total transaction of $1,652,600.00. Following the completion of the sale, the director now directly owns 644,352 shares in the company, valued at approximately $53,242,805.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher Battles sold 2,530 shares of LogMeIn stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $81.13, for a total value of $205,258.90. Following the sale, the insider now owns 5,468 shares of the company’s stock, valued at $443,618.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,790 shares of company stock valued at $5,190,442. 2.30% of the stock is owned by corporate insiders.
LogMeIn Company Profile
LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.
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