$1.18 Earnings Per Share Expected for LogMeIn, Inc. (LOGM) This Quarter

Wall Street analysts forecast that LogMeIn, Inc. (NASDAQ:LOGM) will post earnings of $1.18 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for LogMeIn’s earnings. The highest EPS estimate is $1.19 and the lowest is $1.17. LogMeIn posted earnings per share of $0.85 in the same quarter last year, which would indicate a positive year over year growth rate of 38.8%. The business is expected to report its next quarterly earnings report 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 financial year, with EPS estimates ranging from $5.43 to $5.51. For the next financial year, analysts expect that the company will report earnings of $6.19 per share, with EPS estimates ranging from $6.10 to $6.34. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow LogMeIn.

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LogMeIn (NASDAQ:LOGM) last posted its earnings results on Thursday, February 15th. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.03. The firm had revenue of $276.03 million during the quarter, compared to the consensus estimate of $276.75 million. LogMeIn had a net margin of 10.06% and a return on equity of 5.57%. The company’s revenue was up 213.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS.



LOGM has been the subject of a number of research analyst reports. Needham & Company LLC dropped their target price on shares of LogMeIn from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, December 20th. Oppenheimer reissued a “hold” rating on shares of LogMeIn in a research report on Wednesday, December 20th. Zacks Investment Research downgraded shares of LogMeIn from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, BidaskClub downgraded shares of LogMeIn from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. LogMeIn presently has a consensus rating of “Buy” and an average price target of $137.97.

LOGM traded down $0.30 on Monday, reaching $117.25. 271,667 shares of the company’s stock were exchanged, compared to its average volume of 445,333. The company has a market cap of $6,163.27, a PE ratio of 35.00, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40. LogMeIn has a twelve month low of $102.25 and a twelve month high of $134.80.

A number of large investors have recently modified their holdings of the business. Bray Capital Advisors purchased a new position in shares of LogMeIn during the 4th quarter valued at approximately $204,000. C M Bidwell & Associates Ltd. purchased a new position in shares of LogMeIn during the 4th quarter valued at approximately $206,000. Jefferies Group LLC purchased a new position in shares of LogMeIn during the 4th quarter valued at approximately $206,000. E&G Advisors LP purchased a new position in shares of LogMeIn during the 4th quarter valued at approximately $309,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of LogMeIn during the 4th quarter valued at approximately $317,000. 99.23% of the stock is owned by institutional investors.

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About LogMeIn

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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