Logitech International S.A. (LOGI) Expected to Announce Quarterly Sales of $754.00 Million
Analysts predict that Logitech International S.A. (NASDAQ:LOGI) will post $754.00 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Logitech International’s earnings, with estimates ranging from $753.47 million to $754.53 million. Logitech International posted sales of $666.71 million in the same quarter last year, which suggests a positive year over year growth rate of 13.1%. The firm is expected to report its next quarterly earnings report on Tuesday, January 23rd.
On average, analysts expect that Logitech International will report full year sales of $754.00 million for the current financial year, with estimates ranging from $2.47 billion to $2.49 billion. For the next financial year, analysts anticipate that the business will report sales of $2.72 billion per share, with estimates ranging from $2.68 billion to $2.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Logitech International.
Logitech International (NASDAQ:LOGI) last issued its earnings results on Monday, October 23rd. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.11. The business had revenue of $634.21 million during the quarter, compared to the consensus estimate of $630.23 million. Logitech International had a return on equity of 24.58% and a net margin of 9.32%. During the same period in the prior year, the business posted $0.35 EPS.
Separately, Zacks Investment Research cut Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $44.60.
Logitech International (NASDAQ:LOGI) traded down $0.31 on Wednesday, hitting $35.62. The company had a trading volume of 207,384 shares, compared to its average volume of 381,174. The firm has a market cap of $5,810.67, a PE ratio of 27.64 and a beta of 0.42. Logitech International has a 1-year low of $23.59 and a 1-year high of $40.82.
A number of large investors have recently made changes to their positions in the business. Alps Advisors Inc. grew its holdings in Logitech International by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,706 shares of the technology company’s stock valued at $576,000 after buying an additional 41 shares during the last quarter. Bank of Montreal Can grew its holdings in Logitech International by 3.8% during the 2nd quarter. Bank of Montreal Can now owns 13,853 shares of the technology company’s stock valued at $508,000 after buying an additional 505 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in Logitech International by 10.9% during the 2nd quarter. Eagle Asset Management Inc. now owns 10,734 shares of the technology company’s stock valued at $393,000 after buying an additional 1,057 shares during the last quarter. AXA grew its holdings in Logitech International by 1.3% during the 2nd quarter. AXA now owns 127,000 shares of the technology company’s stock valued at $4,655,000 after buying an additional 1,600 shares during the last quarter. Finally, EAM Investors LLC grew its holdings in Logitech International by 8.2% during the 2nd quarter. EAM Investors LLC now owns 22,058 shares of the technology company’s stock valued at $809,000 after buying an additional 1,664 shares during the last quarter. Hedge funds and other institutional investors own 38.68% of the company’s stock.
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About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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