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

Logitech International (NASDAQ:LOGI - Get Free Report) released its quarterly earnings results on Tuesday. The technology company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07, RTT News reports. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. Logitech International's revenue for the quarter was down .1% on a year-over-year basis. Logitech International updated its Q1 2026 guidance to EPS.

Logitech International Trading Up 2.8 %

Shares of Logitech International stock traded up $2.09 during mid-day trading on Friday, hitting $78.08. 454,094 shares of the stock were exchanged, compared to its average volume of 603,630. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 2.61 and a beta of 0.97. Logitech International has a twelve month low of $64.73 and a twelve month high of $105.65. The company has a 50-day simple moving average of $83.60 and a 200 day simple moving average of $85.91.

Logitech International declared that its board has initiated a share buyback plan on Wednesday, March 5th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LOGI shares. Morgan Stanley upgraded Logitech International from an "underweight" rating to an "equal weight" rating and lifted their target price for the company 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 note on Monday, March 3rd. Bank of America upgraded shares of Logitech International from an "underperform" rating to a "neutral" rating and dropped their price target for the stock from $90.00 to $73.00 in a research note on Friday, April 4th. Barclays lowered their price objective on Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Wedbush restated an "outperform" rating and set a $110.00 target price (down from $125.00) on shares of Logitech International in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $86.14.

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction 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 completion of the sale, the insider now owns 7,348 shares of the company's stock, valued at $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.16% of the company's stock.

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.