$1.39 EPS Expected for LogMeIn Inc (NASDAQ:LOGM) This Quarter

Equities research analysts predict that LogMeIn Inc (NASDAQ:LOGM) will announce $1.39 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for LogMeIn’s earnings, with estimates ranging from $1.38 to $1.40. LogMeIn posted earnings of $1.47 per share in the same quarter last year, which indicates a negative year over year growth rate of 5.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 13th.

On average, analysts expect that LogMeIn will report full year earnings of $5.12 per share for the current financial year, with EPS estimates ranging from $5.09 to $5.13. For the next financial year, analysts expect that the business will post earnings of $5.03 per share, with EPS estimates ranging from $4.74 to $5.33. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover LogMeIn.

LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.03. LogMeIn had a net margin of 1.20% and a return on equity of 7.37%. The business had revenue of $317.20 million during the quarter, compared to analysts’ expectations of $316.29 million. During the same period in the previous year, the company earned $1.40 earnings per share. LogMeIn’s revenue for the quarter was up 2.7% on a year-over-year basis.

A number of analysts have recently weighed in on the stock. Berenberg Bank assumed coverage on shares of LogMeIn in a research note on Thursday, October 10th. They issued a “buy” rating and a $91.00 price objective for the company. BidaskClub cut shares of LogMeIn from a “sell” rating to a “strong sell” rating in a research note on Friday, October 4th. ValuEngine upgraded shares of LogMeIn from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Robert W. Baird set a $85.00 price objective on shares of LogMeIn and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Stephens restated an “equal weight” rating and issued a $77.00 price objective on shares of LogMeIn in a research note on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $88.20.

Shares of LogMeIn stock traded up $7.79 on Friday, reaching $81.00. The stock had a trading volume of 3,755,500 shares, compared to its average volume of 627,062. The business’s 50-day moving average price is $68.58 and its two-hundred day moving average price is $71.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.47 and a current ratio of 0.47. LogMeIn has a fifty-two week low of $62.02 and a fifty-two week high of $96.87. The stock has a market cap of $3.46 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 3.40 and a beta of 1.07.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 13th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, November 12th. LogMeIn’s dividend payout ratio (DPR) is currently 28.57%.

In related news, Director Steven J. Benson sold 1,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $66.96, for a total transaction of $66,960.00. Following the transaction, the director now owns 2,223 shares of the company’s stock, valued at $148,852.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter John Sacripanti sold 7,124 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $70.00, for a total transaction of $498,680.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Great Lakes Advisors LLC increased its holdings in LogMeIn by 68.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 63,135 shares of the software maker’s stock valued at $4,480,000 after buying an additional 25,646 shares during the period. Systematic Financial Management LP increased its holdings in LogMeIn by 71.6% in the 3rd quarter. Systematic Financial Management LP now owns 219,871 shares of the software maker’s stock valued at $15,602,000 after buying an additional 91,742 shares during the period. Copeland Capital Management LLC increased its holdings in LogMeIn by 13.8% in the 3rd quarter. Copeland Capital Management LLC now owns 465,144 shares of the software maker’s stock valued at $33,006,000 after buying an additional 56,359 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in LogMeIn by 12.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 39,979 shares of the software maker’s stock valued at $2,836,000 after buying an additional 4,460 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in LogMeIn by 235.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 503 shares of the software maker’s stock valued at $36,000 after buying an additional 353 shares during the period. 95.49% of the stock is currently owned by hedge funds and other institutional investors.

About LogMeIn

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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