Analysts of equities research have forecast that Logitech International S.A. (NASDAQ: LOGI) will report $1.16B worth of sales in the present quarter. The lowest of the two sales estimates is $1.15B while the highest is $1.16B. The company had announced $709.25M worth of sales during the same period of last year. This indicates a 63.6% y-o-y rate of growth. The next report of its quarterly earnings is expected on 10th May.
Stock Commentary Of LOGI
Several analysts have issued their reports on LOGI stock recently. Zacks Investment Research downgraded the stock to a rating of “hold” from “strong-buy” with a price objective of $110 on 23rd March. Smith Barney Citigroup upped their target price of the stock to $110 from $105 on 21st December. Credit Suisse Group reissued their rating of “outperform” on 2nd March. DA Davidson upped their price objective to $135 from $119 and issued a rating of “buy” on 2nd March. Morgan Stanley also increased their price objective to $122 from $116 and rated the stock as “overweight” on 8th March.
LOGI had previously announced an EPS of $2.45 overshooting the generally estimated value of $1.13. The firm had an 18.31% net margin along with a 38.26% equity return. Logitech had also reported a $1.67B revenue in the financial quarter, beating the $1.25B estimated by analysts. The LOGI stock has $42.11 as its lowest value in a year while the highest in the same period is $120.24. The stock’s market cap stands at $18.03B with a 0.88 beta. The rolling average for 50 days stands at $105.73 while for 200 days it stands at $93.96.
Didier Hirsch, the Director, had sold off 2679 of his shares on 21st January. The shares were sold at a $102.50 average price. Aperio Group LLC, Banque Cantonale Vaudoise, Amundi Pioneer Asset Management Inc., and Zurcher Kantonalbank Zurich Cantonalbank all increased their stakes in the company’s shares.