Logitech International (LOGI) Expected to Announce Earnings on Tuesday

Logitech International (NASDAQ:LOGI) will likely be releasing its earnings data after the market closes on Tuesday, January 28th. Analysts expect Logitech International to post earnings of $1.35 per share and revenue of $1,240,725.21 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Logitech International Trading Down 1.1 %

Logitech International stock opened at $87.22 on Tuesday. Logitech International has a 12-month low of $74.72 and a 12-month high of $102.59. The firm has a 50-day moving average price of $82.83 and a 200-day moving average price of $85.71. The firm has a market capitalization of $13.79 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.70 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LOGI shares. StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Loop Capital cut their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Wedbush reiterated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. Finally, Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.88.

Insider Activity at Logitech International

In other Logitech International news, Director Guy Gecht acquired 2,500 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the purchase, the director now owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

About Logitech International

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.