Brokerages expect LogMeIn Inc (NASDAQ:LOGM) to announce sales of $278.01 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for LogMeIn’s earnings. The highest sales estimate is $278.50 million and the lowest is $277.52 million. LogMeIn reported sales of $187.46 million during the same quarter last year, which indicates a positive year over year growth rate of 48.3%. The business is expected to issue its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that LogMeIn will report full year sales of $278.01 million for the current year, with estimates ranging from $1.14 billion to $1.16 billion. For the next year, analysts anticipate that the firm will report sales of $1.22 billion per share, with estimates ranging from $1.21 billion to $1.23 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for LogMeIn.
LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings data on Thursday, February 15th. The software maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. LogMeIn had a return on equity of 5.61% and a net margin of 10.06%. The business had revenue of $276.03 million for the quarter, compared to analyst estimates of $276.75 million. During the same quarter in the prior year, the company earned $0.62 earnings per share. The company’s revenue was up 213.8% on a year-over-year basis.
A number of analysts have recently weighed in on LOGM shares. Needham & Company LLC cut their price objective on LogMeIn from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, December 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $170.00 price objective on shares of LogMeIn in a research report on Tuesday, October 24th. Oppenheimer reaffirmed a “hold” rating on shares of LogMeIn in a research report on Wednesday, December 20th. Cowen reaffirmed a “buy” rating and set a $145.00 price objective on shares of LogMeIn in a research report on Sunday, October 29th. Finally, Zacks Investment Research raised LogMeIn from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $137.63.
Shares of LogMeIn (NASDAQ LOGM) opened at $122.45 on Monday. LogMeIn has a 12-month low of $90.35 and a 12-month high of $134.80. The firm has a market capitalization of $6,450.00, a price-to-earnings ratio of 720.29, a PEG ratio of 1.74 and a beta of 1.36.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Monday, February 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, February 9th. This is a positive change from LogMeIn’s previous quarterly dividend of $0.25. LogMeIn’s dividend payout ratio is 705.88%.
Large investors have recently bought and sold shares of the stock. Reliance Trust Co. of Delaware purchased a new position in LogMeIn in the third quarter valued at $201,000. Stephens Inc. AR purchased a new position in LogMeIn in the third quarter valued at $202,000. Bray Capital Advisors purchased a new position in LogMeIn in the fourth quarter valued at $204,000. C M Bidwell & Associates Ltd. purchased a new position in LogMeIn in the fourth quarter valued at $206,000. Finally, Jefferies Group LLC purchased a new position in LogMeIn in the fourth quarter valued at $206,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
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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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