News articles about Logitech International (NASDAQ:LOGI) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Logitech International earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.9037069704946 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Logitech International S.A. (LOGI) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- Logitech International SA – R (NASDAQ:LOGI) Sees Light Trading Volume with 15K Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Skullcandy’s new HQ includes a skate ramp and a prototype modeling shop (techrepublic.com)
- New report examines the upsurge in demand for digital learning boosts the global digital pen market (whatech.com)
- Veeva Systems Inc. (VEEV) registers a price change of 3.66% while Logitech International SA (LOGI) finishes with a … – Stocks Gallery (stocksgallery.com)
Shares of Logitech International (NASDAQ LOGI) opened at 36.47 on Tuesday. The firm has a 50-day moving average of $36.17 and a 200 day moving average of $35.52. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 27.48 and a beta of 0.59. Logitech International has a 52 week low of $21.14 and a 52 week high of $40.82.
Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, July 24th. The technology company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Logitech International had a net margin of 9.15% and a return on equity of 25.18%. The firm had revenue of $529.95 million during the quarter, compared to analyst estimates of $521.24 million. On average, equities analysts predict that Logitech International will post $1.46 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which was paid on Wednesday, September 27th. Stockholders of record on Tuesday, September 26th were given a dividend of $0.6454 per share. The ex-dividend date of this dividend was Monday, September 25th. This is a positive change from Logitech International’s previous dividend of $0.52. Logitech International’s dividend payout ratio is presently 199.19%.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a report on Tuesday, September 19th. Loop Capital assumed coverage on shares of Logitech International in a report on Monday, July 24th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, Citigroup Inc. assumed coverage on shares of Logitech International in a report on Thursday, July 6th. They set a “buy” rating and a $44.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $39.50.
In other Logitech International news, CEO Bracken Darrell sold 110,330 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $36.15, for a total value of $3,988,429.50. Following the completion of the transaction, the chief executive officer now directly owns 940,542 shares in the company, valued at approximately $34,000,593.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vincent Pilette sold 13,804 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $36.25, for a total value of $500,395.00. Following the completion of the transaction, the chief financial officer now owns 460,127 shares of the company’s stock, valued at $16,679,603.75. The disclosure for this sale can be found here. Insiders have sold a total of 319,245 shares of company stock valued at $11,549,298 in the last ninety days. Insiders own 2.20% of the company’s stock.
Logitech International Company Profile
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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