Logitech International (NASDAQ:LOGI) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Logitech International (NASDAQ:LOGI) announced its quarterly earnings data on Tuesday. The technology company reported $1.42 EPS for the quarter, topping 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 Stock Up 1.1 %

Shares of NASDAQ:LOGI traded up $0.97 during mid-day trading on Tuesday, reaching $92.96. 1,374,265 shares of the stock were exchanged, compared to its average volume of 757,490. The company has a market cap of $14.70 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.74 and a beta of 0.77. The stock’s 50 day simple moving average is $84.11 and its 200-day simple moving average is $85.62. Logitech International has a one year low of $74.72 and a one year high of $102.59.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Logitech International from $93.00 to $99.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $114.00 to $92.00 in a report on Monday, December 16th. Barclays cut their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Wedbush reissued a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a report on Wednesday, January 22nd. Finally, StockNews.com raised Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.