Analysts forecast that LogMeIn Inc (NASDAQ:LOGM) will report $1.34 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have issued estimates for LogMeIn’s earnings, with the lowest EPS estimate coming in at $1.33 and the highest estimate coming in at $1.34. LogMeIn posted earnings of $1.16 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 15.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that LogMeIn will report full year earnings of $5.22 per share for the current year, with EPS estimates ranging from $5.18 to $5.24. For the next fiscal year, analysts forecast that the firm will post earnings of $5.80 per share, with EPS estimates ranging from $5.58 to $6.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover LogMeIn.

LogMeIn (NASDAQ:LOGM) last issued its earnings results on Thursday, July 26th. The software maker reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.07. LogMeIn had a return on equity of 6.75% and a net margin of 12.34%. The firm had revenue of $307.00 million for the quarter, compared to analyst estimates of $305.13 million. During the same period last year, the company earned $1.01 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Oppenheimer raised LogMeIn from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Monday, October 1st. UBS Group raised LogMeIn from a “market perform” rating to an “outperform” rating in a research report on Monday, October 1st. Zacks Investment Research lowered LogMeIn from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. BidaskClub raised LogMeIn from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Finally, Barclays raised their price target on LogMeIn from $105.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. LogMeIn presently has an average rating of “Hold” and an average price target of $116.73.

In other news, Director Michael K. Simon sold 20,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $84.61, for a total transaction of $1,692,200.00. Following the transaction, the director now directly owns 636,966 shares of the company’s stock, valued at $53,893,693.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Battles sold 2,530 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $81.13, for a total value of $205,258.90. Following the transaction, the insider now directly owns 5,468 shares in the company, valued at $443,618.84. The disclosure for this sale can be found here. Insiders have sold 62,790 shares of company stock worth $5,190,442 over the last three months. Corporate insiders own 2.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Natixis Advisors L.P. boosted its stake in LogMeIn by 2.1% during the first quarter. Natixis Advisors L.P. now owns 23,714 shares of the software maker’s stock valued at $2,740,000 after buying an additional 479 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in LogMeIn by 4.2% during the first quarter. Thrivent Financial for Lutherans now owns 11,956 shares of the software maker’s stock valued at $1,382,000 after buying an additional 480 shares in the last quarter. Stifel Financial Corp boosted its stake in LogMeIn by 4.9% during the first quarter. Stifel Financial Corp now owns 11,167 shares of the software maker’s stock valued at $1,251,000 after buying an additional 522 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in LogMeIn by 1.8% during the first quarter. Great West Life Assurance Co. Can now owns 31,281 shares of the software maker’s stock valued at $3,614,000 after buying an additional 549 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in LogMeIn by 5.5% during the second quarter. Amalgamated Bank now owns 11,774 shares of the software maker’s stock valued at $1,216,000 after buying an additional 615 shares in the last quarter. 98.73% of the stock is owned by institutional investors and hedge funds.

NASDAQ LOGM traded down $1.87 during trading hours on Friday, hitting $83.95. The company had a trading volume of 886,490 shares, compared to its average volume of 681,989. LogMeIn has a fifty-two week low of $77.05 and a fifty-two week high of $134.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $4.62 billion, a PE ratio of 25.06, a P/E/G ratio of 1.21 and a beta of 1.09.

About LogMeIn

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.

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