Equities analysts predict that LogMeIn Inc (NASDAQ:LOGM) will post earnings per share of $1.41 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for LogMeIn’s earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.41. LogMeIn reported earnings per share of $1.20 in the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 21st.
According to Zacks, analysts expect that LogMeIn will report full-year earnings of $5.34 per share for the current financial year, with EPS estimates ranging from $5.33 to $5.35. For the next fiscal year, analysts forecast that the business will post earnings of $5.82 per share, with EPS estimates ranging from $5.61 to $6.03. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow LogMeIn.
LogMeIn (NASDAQ:LOGM) last released its quarterly earnings results on Thursday, October 25th. The software maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $309.58 million for the quarter, compared to analysts’ expectations of $302.92 million. LogMeIn had a net margin of 12.16% and a return on equity of 7.19%.
Several brokerages have commented on LOGM. UBS Group raised shares of LogMeIn from a “market perform” rating to an “outperform” rating in a research report on Monday, October 1st. Oppenheimer raised shares of LogMeIn from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research report on Monday, October 1st. Zacks Investment Research lowered shares of LogMeIn from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. TheStreet raised shares of LogMeIn from a “c+” rating to a “b-” rating in a research report on Monday, November 26th. Finally, BidaskClub raised shares of LogMeIn from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. LogMeIn has an average rating of “Buy” and a consensus price target of $110.10.
LOGM stock traded down $1.36 during mid-day trading on Friday, hitting $86.45. The company had a trading volume of 8,615 shares, compared to its average volume of 550,416. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 1.15 and a beta of 1.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.62 and a current ratio of 0.62. LogMeIn has a 12 month low of $74.87 and a 12 month high of $134.80.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, November 13th. LogMeIn’s dividend payout ratio (DPR) is currently 35.82%.
In other news, Director Michael K. Simon sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $85.70, for a total value of $1,714,000.00. Following the sale, the director now owns 607,026 shares of the company’s stock, valued at $52,022,128.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 60,000 shares of company stock worth $5,253,600. Insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its position in shares of LogMeIn by 299.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,350 shares of the software maker’s stock valued at $139,000 after purchasing an additional 1,012 shares during the period. Global X Management Co LLC purchased a new position in LogMeIn during the second quarter valued at approximately $216,000. Stone Ridge Asset Management LLC purchased a new position in LogMeIn during the third quarter valued at approximately $213,000. Tower Research Capital LLC TRC grew its stake in LogMeIn by 415.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,421 shares of the software maker’s stock valued at $216,000 after acquiring an additional 1,951 shares in the last quarter. Finally, We Are One Seven LLC purchased a new position in LogMeIn during the third quarter valued at approximately $215,000. 97.97% of the stock is currently owned by institutional investors.
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.
See Also: Asset Allocation and Your Retirement
Get a free copy of the Zacks research report on LogMeIn (LOGM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LogMeIn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMeIn and related companies with MarketBeat.com's FREE daily email newsletter.