FY2028 Earnings Forecast for LOGI Issued By Wedbush

Logitech International S.A. (NASDAQ:LOGI) – Wedbush issued their FY2028 earnings per share (EPS) estimates for shares of Logitech International in a note issued to investors on Wednesday, April 30th. Wedbush analyst A. Reese expects that the technology company will post earnings per share of $5.73 for the year. Wedbush currently has a “Outperform” rating and a $110.00 target price on the stock. The consensus estimate for Logitech International’s current full-year earnings is $4.21 per share.

Several other equities analysts also recently weighed in on LOGI. JPMorgan Chase & Co. decreased their target price on Logitech International from $96.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. StockNews.com cut shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Barclays lowered their price target on shares of Logitech International from $108.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Citigroup cut their price objective on shares of Logitech International from $105.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $86.14.

Logitech International Trading Up 2.8 %

Shares of Logitech International stock opened at $78.15 on Friday. Logitech International has a twelve month low of $64.73 and a twelve month high of $105.65. The firm has a market capitalization of $12.36 billion, a PE ratio of 18.35, a P/E/G ratio of 2.61 and a beta of 0.97. The firm’s 50-day moving average price is $83.08 and its 200 day moving average price is $85.85.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. The company’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share.

Institutional Investors Weigh In On Logitech International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOGI. Banque Transatlantique SA purchased a new stake in Logitech International in the 4th quarter valued at about $26,000. Sierra Ocean LLC purchased a new stake in shares of Logitech International in the 4th quarter valued at approximately $27,000. Bessemer Group Inc. lifted its holdings in shares of Logitech International by 1,339.1% in the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company’s stock worth $27,000 after acquiring an additional 308 shares during the last quarter. Exane Asset Management purchased a new position in shares of Logitech International during the 4th quarter worth approximately $32,000. Finally, Tower Research Capital LLC TRC increased its holdings in Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company’s stock valued at $40,000 after purchasing an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insider Activity

In related news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the transaction, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Logitech International declared that its board has approved a share repurchase program on Wednesday, March 5th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Logitech International Company Profile

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.