Logitech International (LOGI) Projected to Post Quarterly Earnings on Tuesday

Logitech International (NASDAQ:LOGI) is projected to post its quarterly earnings results 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. Investors interested in listening to the company’s conference call can do so using this link.

Logitech International Price Performance

Shares of NASDAQ:LOGI opened at $87.22 on Tuesday. The business’s 50-day moving average is $82.83 and its 200 day moving average is $85.71. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59. The firm has a market capitalization of $13.79 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.70 and a beta of 0.77.

Wall Street Analyst Weigh In

A number of research firms recently commented on LOGI. Loop Capital lowered their target price 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. 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. cut their target price on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $114.00 to $92.00 in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $92.88.

Insider Activity

In other news, Director Guy Gecht bought 2,500 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was purchased at an average cost of $81.12 per share, with a total value of $202,800.00. Following the acquisition, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

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.