Logitech International (LOGI) Set to Announce Quarterly Earnings on Monday

Logitech International (NASDAQ:LOGI) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Logitech International to post earnings of $0.52 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Logitech International Trading Up 0.7 %

Logitech International stock opened at $79.26 on Friday. The company has a market capitalization of $12.53 billion, a PE ratio of 25.90, a P/E/G ratio of 1.66 and a beta of 0.74. Logitech International has a 12 month low of $53.91 and a 12 month high of $96.66. The stock has a 50-day moving average price of $87.27 and a two-hundred day moving average price of $86.17.

Insider Transactions at Logitech International

In related news, COO Prakash Arunkundrum sold 23,023 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the completion of the sale, the chief operating officer now owns 61,056 shares of the company’s stock, valued at $5,495,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Prakash Arunkundrum sold 23,023 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the completion of the sale, the chief operating officer now owns 61,056 shares of the company’s stock, valued at $5,495,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Samantha Harnett sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $84.17, for a total value of $54,710.50. Following the sale, the insider now directly owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The disclosure for this sale can be found here. Insiders sold 24,572 shares of company stock worth $2,207,555 over the last ninety days. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on LOGI. Wedbush reiterated a “neutral” rating and issued a $92.00 target price on shares of Logitech International in a research report on Tuesday. Berenberg Bank began coverage on Logitech International in a research report on Thursday, March 14th. They issued a “buy” rating and a $111.00 target price for the company. Morgan Stanley reiterated an “underweight” rating and issued a $75.00 target price (down from $85.00) on shares of Logitech International in a research report on Monday, April 15th. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Barclays raised their price objective on Logitech International from $96.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and a consensus target price of $92.43.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.