Analysts forecast that Logitech International SA (NASDAQ:LOGI) will announce sales of $637.80 million for the current quarter, according to Zacks. Three analysts have made estimates for Logitech International’s earnings, with estimates ranging from $624.10 million to $648.86 million. Logitech International posted sales of $608.48 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The company is expected to issue its next earnings report on Monday, July 29th.
According to Zacks, 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 $2.97 billion. For the next year, analysts forecast that the business will post sales of $3.17 billion, with estimates ranging from $3.13 billion to $3.23 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Logitech International.
Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, April 29th. The technology company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. Logitech International had a net margin of 9.24% and a return on equity of 26.79%. The business had revenue of $624.31 million during the quarter, compared to analysts’ expectations of $619.43 million.
LOGI opened at $38.21 on Wednesday. Logitech International has a twelve month low of $29.06 and a twelve month high of $49.96. The business’s 50-day moving average price is $37.78. The company has a market capitalization of $6.41 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19.
In related news, CFO Vincent Pilette sold 109,181 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $40.36, for a total transaction of $4,406,545.16. Following the completion of the sale, the chief financial officer now owns 194,380 shares of the company’s stock, valued at $7,845,176.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of LOGI. Norges Bank bought a new position in shares of Logitech International in the fourth quarter worth about $110,282,000. Marshall Wace LLP lifted its holdings in shares of Logitech International by 274.9% in the first quarter. Marshall Wace LLP now owns 1,151,796 shares of the technology company’s stock worth $45,142,000 after acquiring an additional 844,530 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Logitech International by 54.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,280,706 shares of the technology company’s stock worth $40,060,000 after acquiring an additional 453,782 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Logitech International by 1,620.0% in the fourth quarter. Jane Street Group LLC now owns 340,451 shares of the technology company’s stock worth $10,726,000 after acquiring an additional 320,657 shares during the last quarter. Finally, Pennsylvania Trust Co bought a new position in shares of Logitech International in the first quarter worth about $35,862,000. 32.83% of the stock is owned by hedge funds and other institutional investors.
About Logitech International
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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