Logitech International (NASDAQ:LOGI) Posts Earnings Results, Beats Expectations By $0.18 EPS

Key Points

• Logitech International reported a quarterly earnings per share (EPS) of $1.04, falling short of analysts' expectations of $1.08.
• The company declared an annual dividend of $1.543 per share, up from the previous $1.37, representing a 1.4% yield.
• Analyst ratings are mixed, with a consensus rating of "Hold" and a price target averaging $90.71 following recent adjustments by firms like Citigroup and Bank of America.

Logitech International (NASDAQ:LOGI - Get Free Report) announced its quarterly earnings data on Tuesday. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.18, Briefing.com reports. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Logitech International had a return on equity of 30.81% and a net margin of 13.78%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. Logitech International updated its Q2 2026 guidance to EPS.

Logitech International Stock Performance

LOGI traded down $3.21 during trading on Friday, reaching $89.67. 781,108 shares of the company were exchanged, compared to its average volume of 640,392. Logitech International has a 12-month low of $64.73 and a 12-month high of $105.65. The company's 50-day moving average is $89.69 and its two-hundred day moving average is $88.41.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, September 24th. Investors of record on Tuesday, September 23rd will be issued a dividend of $1.543 per share. This is a positive change from Logitech International's previous annual dividend of $1.37. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a yield of 140.0%.

Analyst Ratings Changes

LOGI has been the subject of several research reports. Citigroup increased their price target on shares of Logitech International from $85.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Barclays increased their target price on shares of Logitech International from $92.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday. Bank of America upgraded Logitech International from an "underperform" rating to a "neutral" rating and dropped their price objective for the company from $90.00 to $73.00 in a research note on Friday, April 4th. Loop Capital decreased their target price on Logitech International from $97.00 to $78.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on Logitech International from $80.00 to $104.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $93.57.

Institutional Investors Weigh In On Logitech International

A hedge fund recently raised its stake in Logitech International stock. AQR Capital Management LLC raised its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 61.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,175 shares of the technology company's stock after acquiring an additional 1,585 shares during the quarter. AQR Capital Management LLC's holdings in Logitech International were worth $352,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 45.76% of the company's stock.

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.