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

Logitech International (NASDAQ:LOGI) announced its quarterly earnings results on Tuesday. The technology company reported $1.42 EPS for the quarter, beating 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 updated its FY 2025 guidance to EPS.

Logitech International Trading Up 4.2 %

Shares of Logitech International stock opened at $96.85 on Thursday. The company has a market cap of $15.32 billion, a P/E ratio of 21.57, a PEG ratio of 2.74 and a beta of 0.77. The business has a 50-day moving average price of $84.79 and a two-hundred day moving average price of $85.70. Logitech International has a 1-year low of $74.72 and a 1-year high of $102.59.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOGI. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Citigroup boosted their target price on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Finally, Loop Capital decreased their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $97.13.

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.