Zacks: Analysts Expect LogMeIn, Inc. (LOGM) Will Post Earnings of $1.18 Per Share

Analysts expect LogMeIn, Inc. (NASDAQ:LOGM) to announce $1.18 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for LogMeIn’s earnings, with estimates ranging from $1.17 to $1.19. LogMeIn reported earnings of $0.85 per share during the same quarter last year, which would indicate a positive year over year growth rate of 38.8%. The firm is expected to issue its next earnings results after the market closes on Thursday, April 26th.

On average, analysts expect that LogMeIn will report full-year earnings of $5.49 per share for the current year, with EPS estimates ranging from $5.43 to $5.51. For the next fiscal year, analysts forecast that the company will post earnings of $6.19 per share, with EPS estimates ranging from $6.10 to $6.34. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow LogMeIn.

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LogMeIn (NASDAQ:LOGM) last released its quarterly earnings data on Thursday, February 15th. The software maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $276.03 million during the quarter, compared to analyst estimates of $276.75 million. LogMeIn had a return on equity of 5.57% and a net margin of 10.06%. The company’s revenue was up 213.8% compared to the same quarter last year. During the same period last year, the company posted $0.62 EPS.

Several analysts have recently commented on the company. Zacks Investment Research raised LogMeIn from a “sell” rating to a “buy” rating and set a $131.00 target price for the company in a research report on Thursday. BidaskClub raised LogMeIn from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Oppenheimer reaffirmed a “hold” rating on shares of LogMeIn in a research report on Wednesday, December 20th. Mizuho assumed coverage on LogMeIn in a research report on Monday, April 2nd. They issued a “buy” rating and a $145.00 target price for the company. Finally, Needham & Company LLC raised their target price on LogMeIn from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $137.97.

Large investors have recently made changes to their positions in the stock. Bray Capital Advisors purchased a new stake in shares of LogMeIn during the fourth quarter worth $204,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of LogMeIn during the fourth quarter worth $206,000. Jefferies Group LLC purchased a new stake in shares of LogMeIn during the fourth quarter worth $206,000. E&G Advisors LP purchased a new stake in shares of LogMeIn during the fourth quarter worth $309,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of LogMeIn during the fourth quarter worth $317,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Shares of LogMeIn stock traded up $1.90 during midday trading on Monday, hitting $119.15. The company’s stock had a trading volume of 286,343 shares, compared to its average volume of 537,278. The stock has a market cap of $6,147.54, a PE ratio of 35.57, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40. LogMeIn has a 1-year low of $102.25 and a 1-year high of $134.80.

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LogMeIn Company Profile

LogMeIn, Inc, together with its subsidiaries, provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions for individuals and businesses in the United States, the United Kingdom, and internationally. The company offers GoToMeeting, a secure product for online meetings, sales demonstrations, and collaborative gatherings; GoToTraining, a secure online training product for interactive training sessions; GoToConference, a video and audio conferencing solution; GoToWebinar, a do-it-yourself Webinar product for organizations; join.me, join.me pro, and join.me business, which are online meeting and screen sharing services; OpenVoice, a reservation-less audio conferencing service; and Grasshopper, a provider of telephony solutions.

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