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

Logitech International (NASDAQ:LOGI) is set to issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Logitech International Stock Performance

Shares of NASDAQ LOGI opened at $79.26 on Friday. The stock has a market cap of $12.53 billion, a PE ratio of 25.90, a PEG ratio of 1.66 and a beta of 0.74. The business has a fifty day moving average of $87.27 and a two-hundred day moving average of $86.17. Logitech International has a 52-week low of $53.91 and a 52-week high of $96.66.

Analyst Upgrades and Downgrades

LOGI has been the subject of a number of analyst reports. Wedbush reissued a “neutral” rating and set a $92.00 price objective on shares of Logitech International in a report on Tuesday. Morgan Stanley reaffirmed an “underweight” rating and issued a $75.00 price target (down from $85.00) on shares of Logitech International in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. Barclays lifted their price target on Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Citigroup lifted their price target on Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $92.43.

Insiders Place Their Bets

In other Logitech International news, insider Samantha Harnett sold 650 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the sale, the insider now directly owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Logitech International news, insider Samantha Harnett sold 650 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the sale, the insider now directly owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Prakash Arunkundrum sold 699 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $90.00, for a total value of $62,910.00. Following the transaction, the chief operating officer now owns 67,848 shares of the company’s stock, valued at $6,106,320. The disclosure for this sale can be found here. In the last three months, insiders sold 24,572 shares of company stock valued at $2,207,555. 0.15% of the stock is currently owned by insiders.

About Logitech International

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.