Wall Street analysts forecast that LogMeIn Inc (NASDAQ:LOGM) will post earnings per share of $1.34 for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for LogMeIn’s earnings, with the lowest EPS estimate coming in at $1.33 and the highest estimate coming in at $1.34. LogMeIn reported earnings of $1.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 15.5%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 25th.
On average, analysts expect that LogMeIn will report full-year earnings of $5.22 per share for the current financial year, with EPS estimates ranging from $5.18 to $5.24. For the next fiscal year, analysts anticipate that the company will report earnings of $5.85 per share, with EPS estimates ranging from $5.58 to $6.02. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for LogMeIn.
LogMeIn (NASDAQ:LOGM) last issued its earnings results on Thursday, July 26th. The software maker reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.07. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $305.13 million. LogMeIn had a return on equity of 6.75% and a net margin of 12.34%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $1.01 EPS.
A number of research firms have issued reports on LOGM. BidaskClub downgraded LogMeIn from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. ValuEngine upgraded LogMeIn from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Zacks Investment Research upgraded LogMeIn from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Piper Jaffray Companies downgraded LogMeIn from an “overweight” rating to a “neutral” rating and cut their price target for the company from $135.00 to $95.00 in a research note on Friday, July 27th. Finally, Robert W. Baird downgraded LogMeIn from an “outperform” rating to a “neutral” rating in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. LogMeIn presently has a consensus rating of “Hold” and a consensus price target of $117.90.
In other LogMeIn news, insider Christopher Battles sold 2,530 shares of LogMeIn stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $81.13, for a total transaction of $205,258.90. Following the transaction, the insider now owns 5,468 shares of the company’s stock, valued at approximately $443,618.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael K. Simon sold 20,000 shares of LogMeIn stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $84.61, for a total transaction of $1,692,200.00. Following the transaction, the director now directly owns 636,966 shares in the company, valued at approximately $53,893,693.26. The disclosure for this sale can be found here. Insiders have sold a total of 62,790 shares of company stock valued at $5,190,442 in the last quarter. Company insiders own 2.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. Global X Management Co LLC bought a new position in shares of LogMeIn during the 2nd quarter worth approximately $216,000. Marshall Wace LLP bought a new position in shares of LogMeIn during the 2nd quarter worth approximately $13,059,000. Cubist Systematic Strategies LLC lifted its position in shares of LogMeIn by 76.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,273 shares of the software maker’s stock worth $1,783,000 after buying an additional 7,457 shares in the last quarter. Bank of America Corp DE lifted its position in shares of LogMeIn by 6.3% during the 2nd quarter. Bank of America Corp DE now owns 338,726 shares of the software maker’s stock worth $34,973,000 after buying an additional 20,083 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of LogMeIn by 124.3% during the 2nd quarter. Morgan Stanley now owns 328,531 shares of the software maker’s stock worth $33,921,000 after buying an additional 182,043 shares in the last quarter. 98.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LOGM opened at $85.80 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $4.45 billion, a PE ratio of 21.75, a PEG ratio of 1.17 and a beta of 1.09. LogMeIn has a one year low of $77.05 and a one year high of $134.80.
The business also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Wednesday, August 8th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. LogMeIn’s dividend payout ratio (DPR) is currently 35.82%.
LogMeIn Company Profile
LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.
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