LogMein, Inc. (NASDAQ:LOGM) Issues Q4 Earnings Guidance

LogMein, Inc. (NASDAQ:LOGM) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.16-1.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.07. The company issued revenue guidance of $277-278 million, compared to the consensus revenue estimate of $274.65 million.

Several equities analysts recently weighed in on the company. Barclays PLC increased their target price on LogMein from $132.00 to $142.00 and gave the stock an overweight rating in a research report on Friday, October 27th. Cowen and Company reiterated a buy rating and issued a $145.00 price objective on shares of LogMein in a research note on Sunday, October 29th. Piper Jaffray Companies reiterated a buy rating and issued a $170.00 price objective on shares of LogMein in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of LogMein from a hold rating to a buy rating and set a $135.00 target price for the company in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada restated a buy rating and issued a $140.00 price objective on shares of LogMein in a research report on Monday, September 4th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $135.96.

Shares of LogMein, Inc. (NASDAQ:LOGM) opened at $115.50 on Friday. The firm has a market capitalization of $6,079.69, a P/E ratio of 43.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.34. LogMein, Inc. has a 1-year low of $90.35 and a 1-year high of $129.51.

LogMein (NASDAQ:LOGM) last released its earnings results on Thursday, October 26th. The software maker reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.05. The business had revenue of $269.30 million for the quarter, compared to analyst estimates of $270.56 million. LogMein had a net margin of 1.01% and a return on equity of 5.50%. LogMein’s revenue for the quarter was up 216.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. equities research analysts predict that LogMein, Inc. will post 3.28 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Wednesday, November 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.00 annualized dividend and a yield of 0.87%. LogMein’s dividend payout ratio (DPR) is presently 909.17%.

In other LogMein news, insider Christopher Battles sold 1,136 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $119.43, for a total transaction of $135,672.48. Following the completion of the sale, the insider now directly owns 2,760 shares in the company, valued at approximately $329,626.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Benson sold 3,016 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $111.60, for a total transaction of $336,585.60. Following the sale, the director now owns 1,787 shares of the company’s stock, valued at $199,429.20. The disclosure for this sale can be found here. Insiders sold a total of 24,152 shares of company stock valued at $2,710,858 in the last quarter. Company insiders own 2.50% of the company’s stock.

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LogMein Company Profile

LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.

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