LogMeIn (NASDAQ:LOGM) Releases Earnings Results, Beats Expectations By $0.31 EPS

LogMeIn (NASDAQ:LOGM) issued its earnings results on Wednesday. The software maker reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.31, Briefing.com reports. LogMeIn had a return on equity of 8.08% and a net margin of 0.67%. The business had revenue of $350.70 million during the quarter, compared to analysts’ expectations of $326.95 million. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis.

Shares of LOGM opened at $85.81 on Friday. The business’s 50 day moving average is $85.32 and its two-hundred day moving average is $84.72. LogMeIn has a 52-week low of $62.02 and a 52-week high of $86.63. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 476.75, a PEG ratio of 4.35 and a beta of 0.77. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 0.10.

A number of analysts have recently issued reports on LOGM shares. BidaskClub cut LogMeIn from a “sell” rating to a “strong sell” rating in a report on Thursday, June 18th. ValuEngine lowered LogMeIn from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd. Finally, Zacks Investment Research raised LogMeIn from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $83.15.

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.

Further Reading: Oversold

Earnings History for LogMeIn (NASDAQ:LOGM)

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