Logitech International SA (NASDAQ:LOGI) declared a — dividend on Friday, September 6th, Wall Street Journal reports. Investors of record on Thursday, September 19th will be paid a dividend of 0.7446 per share by the technology company on Friday, September 20th. This represents a yield of 1.8%. The ex-dividend date is Wednesday, September 18th.
Logitech International has raised its dividend payment by an average of 24.9% annually over the last three years. Logitech International has a payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Logitech International to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 36.6%.
LOGI stock opened at $41.73 on Tuesday. The firm has a market capitalization of $6.89 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.41 and a beta of 1.30. The business’s 50-day moving average is $40.27 and its two-hundred day moving average is $39.26. Logitech International has a 1 year low of $29.06 and a 1 year high of $47.15.
Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, July 22nd. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $644.23 million for the quarter, compared to analyst estimates of $639.06 million. Logitech International had a return on equity of 25.67% and a net margin of 9.36%. During the same quarter last year, the company earned $0.34 EPS. On average, equities analysts anticipate that Logitech International will post 1.93 earnings per share for the current fiscal year.
LOGI has been the topic of a number of analyst reports. BidaskClub raised Logitech International from a “hold” rating to a “buy” rating in a research report on Saturday, August 24th. Wedbush reaffirmed a “buy” rating and issued a $45.00 price target on shares of Logitech International in a research report on Thursday, July 18th. DA Davidson set a $58.00 price target on Logitech International and gave the company a “buy” rating in a research report on Friday, August 16th. Maxim Group reaffirmed a “hold” rating and issued a $36.00 price target on shares of Logitech International in a research report on Wednesday, July 24th. Finally, ValuEngine raised Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Logitech International presently has a consensus rating of “Buy” and a consensus target price of $45.17.
Logitech International Company Profile
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.
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