After finishing at $90.48 in the prior trading day, Logitech International S.A. (NASDAQ: LOGI) closed at $90.46, down -0.02%. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 512967 shares were traded. LOGI stock price reached its highest trading level at $90.74 during the session, while it also had its lowest trading level at $88.56.
Ratios:
Our goal is to gain a better understanding of LOGI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.04. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 2.24. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
On June 14, 2023, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $73 to $70.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 11 ’24 when Harnett Samantha sold 100 shares for $90.46 per share. The transaction valued at 9,046 led to the insider holds 11,810 shares of the business.
Arunkundrum Prakash sold 23,023 shares of LOGI for $2,072,070 on Feb 26 ’24. The CHIEF OPERATING OFFICER now owns 61,056 shares after completing the transaction at $90.00 per share. On Feb 23 ’24, another insider, Arunkundrum Prakash, who serves as the CHIEF OPERATING OFFICER of the company, sold 699 shares for $90.00 each. As a result, the insider received 62,910 and left with 67,848 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LOGI now has a Market Capitalization of 13.87B and an Enterprise Value of 12.54B. As of this moment, Logitech’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.51, and their Forward P/E ratio for the next fiscal year is 22.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.30 while its Price-to-Book (P/B) ratio in mrq is 6.40. Its current Enterprise Value per Revenue stands at 2.95 whereas that against EBITDA is 20.62.
Stock Price History:
Over the past 52 weeks, LOGI has reached a high of $96.66, while it has fallen to a 52-week low of $52.53. The 50-Day Moving Average of the stock is 88.87, while the 200-Day Moving Average is calculated to be 77.26.
Shares Statistics:
The stock has traded on average 443.21K shares per day over the past 3-months and 536.67k shares per day over the last 10 days, according to various share statistics. A total of 159.34M shares are outstanding, with a floating share count of 153.71M. Insiders hold about 0.83% of the company’s shares, while institutions hold 61.76% stake in the company. Shares short for LOGI as of Feb 29, 2024 were 3.21M with a Short Ratio of 7.25, compared to 2.94M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.08% and a Short% of Float of 2.08%.
Dividends & Splits
In the trailing 12 months, LOGI’s forward annual dividend rate was 1.16, compared to 1.16 this year. Against a Trailing Annual Dividend Yield of 1.28%, it implies a Forward Annual Dividend Yield of 1.28%. The stock’s 5-year Average Dividend Yield is 1.40. The current Payout Ratio is 49.82% for LOGI, which recently paid a dividend on Sep 27, 2023 with an ex-dividend date of Sep 25, 2023. Stock splits for the company last occurred on Jul 17, 2006 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $0.61 for the current quarter, with a high estimate of $0.74 and a low estimate of $0.53, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.76, with high estimates of $0.86 and low estimates of $0.7.
Analysts are recommending an EPS of between $4.01 and $3.05 for the fiscal current year, implying an average EPS of $3.77. EPS for the following year is $3.92, with 13 analysts recommending between $4.35 and $3.25.
Revenue Estimates
7 analysts predict $951.65M in revenue for the current quarter. It ranges from a high estimate of $970.43M to a low estimate of $913M. As of the current estimate, Logitech International S.A.’s year-ago sales were $960.08M, an estimated decrease of -0.90% from the year-ago figure.
A total of 14 analysts have provided revenue estimates for LOGI’s current fiscal year. The highest revenue estimate was $4.33B, while the lowest revenue estimate was $4.2B, resulting in an average revenue estimate of $4.25B. In the same quarter a year ago, actual revenue was $4.54B, down -6.50% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $4.41B in the next fiscal year. The high estimate is $4.6B and the low estimate is $4.22B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
