Logitech International (NASDAQ:LOGI) Issues Quarterly Earnings Results

Logitech International (NASDAQ:LOGI) posted its earnings results on Tuesday. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.35 by $0.07, Zacks reports. Logitech International had a net margin of 15.65% and a return on equity of 30.68%. Logitech International updated its FY 2025 guidance to EPS.

Logitech International Stock Performance

Shares of LOGI stock opened at $92.96 on Wednesday. The company has a market capitalization of $14.70 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. The company’s 50 day moving average price is $84.41 and its two-hundred day moving average price is $85.62. Logitech International has a 52 week low of $74.72 and a 52 week high of $102.59.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LOGI. Loop Capital reduced their price objective 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. Barclays cut their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research note on Wednesday, January 22nd. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $95.75.

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.