Equities research analysts forecast that Logitech International SA (NASDAQ:LOGI) will announce sales of $898.52 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Logitech International’s earnings. The highest sales estimate is $900.30 million and the lowest is $896.73 million. Logitech International reported sales of $864.39 million in the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The business is scheduled to report its next quarterly earnings report on Monday, January 20th.
On average, analysts expect that Logitech International will report full year sales of $2.95 billion for the current fiscal year, with estimates ranging from $2.94 billion to $2.95 billion. For the next financial year, analysts anticipate that the company will report sales of $3.13 billion, with estimates ranging from $3.11 billion to $3.15 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Logitech International.
Logitech International (NASDAQ:LOGI) last issued its earnings results on Monday, October 21st. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Logitech International had a net margin of 9.58% and a return on equity of 26.01%. The firm had revenue of $719.69 million for the quarter, compared to the consensus estimate of $725.70 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share.
LOGI stock traded up $0.39 on Monday, hitting $43.31. 1,630 shares of the company were exchanged, compared to its average volume of 200,795. Logitech International has a twelve month low of $29.06 and a twelve month high of $43.90. The business’s fifty day moving average is $41.96 and its two-hundred day moving average is $40.10. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 24.95 and a beta of 1.26.
In other news, Director Didier Hirsch sold 25,230 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $41.79, for a total transaction of $1,054,361.70. Following the completion of the transaction, the director now directly owns 37,797 shares of the company’s stock, valued at $1,579,536.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bracken Darrell sold 26,557 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $43.47, for a total value of $1,154,432.79. Following the sale, the chief executive officer now owns 749,854 shares in the company, valued at $32,596,153.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 202,342 shares of company stock valued at $8,424,356. 1.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in shares of Logitech International by 8.7% in the second quarter. Bank of New York Mellon Corp now owns 1,282,858 shares of the technology company’s stock valued at $51,327,000 after purchasing an additional 102,453 shares during the period. First Trust Advisors LP increased its stake in shares of Logitech International by 12.4% during the second quarter. First Trust Advisors LP now owns 52,851 shares of the technology company’s stock valued at $2,101,000 after acquiring an additional 5,814 shares during the period. Jane Street Group LLC increased its stake in shares of Logitech International by 130.8% during the second quarter. Jane Street Group LLC now owns 347,200 shares of the technology company’s stock valued at $13,870,000 after acquiring an additional 196,737 shares during the period. LPL Financial LLC raised its holdings in Logitech International by 56.9% during the second quarter. LPL Financial LLC now owns 10,969 shares of the technology company’s stock worth $436,000 after purchasing an additional 3,977 shares in the last quarter. Finally, Opus Capital Group LLC bought a new stake in Logitech International during the second quarter worth approximately $219,000. Institutional investors and hedge funds own 34.88% of the company’s stock.
Logitech International Company Profile
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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