Logitech International (NASDAQ:LOGI) Issues Earnings Results

Logitech International (NASDAQ:LOGI) posted its earnings results on Tuesday. The technology company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07, Zacks reports. Logitech International had a return on equity of 30.68% and a net margin of 15.65%.

Logitech International Price Performance

NASDAQ LOGI traded up $0.97 during trading on Tuesday, reaching $92.96. The company’s stock had a trading volume of 1,371,019 shares, compared to its average volume of 757,490. The firm has a fifty day moving average of $84.11 and a 200 day moving average of $85.62. Logitech International has a one year low of $74.72 and a one year high of $102.59. The stock has a market capitalization of $14.70 billion, a PE ratio of 20.70, a P/E/G ratio of 2.74 and a beta of 0.77.

Analysts Set New Price Targets

Several analysts have recently issued reports on LOGI shares. StockNews.com upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Logitech International from $93.00 to $99.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Finally, Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $114.00 to $92.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $95.75.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.