Logitech International (LOGI) to Release Quarterly Earnings on Tuesday

Logitech International (NASDAQ:LOGI) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, January 28th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $1,240,725.21 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Logitech International Stock Performance

LOGI opened at $91.18 on Monday. Logitech International has a one year low of $74.72 and a one year high of $102.59. The company has a market cap of $14.42 billion, a P/E ratio of 20.31, a PEG ratio of 2.74 and a beta of 0.77. The business’s 50-day simple moving average is $83.84 and its 200-day simple moving average is $85.62.

Analyst Ratings Changes

A number of analysts have weighed in on LOGI shares. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Barclays cut their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Loop Capital decreased their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $73.00 to $92.00 in a report on Thursday. Finally, Wedbush reissued a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $95.75.

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.