Analysts expect LogMeIn Inc (NASDAQ:LOGM) to report sales of $311.00 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for LogMeIn’s earnings, with the highest sales estimate coming in at $311.40 million and the lowest estimate coming in at $310.20 million. LogMeIn reported sales of $305.65 million in the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The firm is expected to issue its next earnings report on Thursday, July 25th.

According to Zacks, analysts expect that LogMeIn will report full year sales of $1.26 billion for the current fiscal year. For the next year, analysts anticipate that the firm will report sales of $1.32 billion, with estimates ranging from $1.31 billion to $1.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover LogMeIn.

LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings data on Thursday, April 25th. The software maker reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.27. LogMeIn had a net margin of 2.89% and a return on equity of 7.68%. The firm had revenue of $307.70 million during the quarter, compared to analysts’ expectations of $305.57 million. During the same quarter last year, the company posted $1.21 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis.

LOGM has been the subject of several recent research reports. Barclays cut shares of LogMeIn from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $104.00 to $74.00 in a research report on Friday, April 12th. Northland Securities reissued a “buy” rating and issued a $125.00 price target on shares of LogMeIn in a research report on Friday, March 22nd. TheStreet cut shares of LogMeIn from a “b” rating to a “c” rating in a research report on Friday, April 26th. KeyCorp decreased their price target on shares of LogMeIn from $120.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, February 15th. Finally, Needham & Company LLC cut shares of LogMeIn from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. LogMeIn currently has an average rating of “Hold” and an average target price of $95.30.

In other news, Director Michael K. Simon sold 22,500 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $81.17, for a total value of $1,826,325.00. Following the sale, the director now directly owns 547,074 shares in the company, valued at approximately $44,405,996.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 67,500 shares of company stock worth $5,505,300 over the last 90 days. Company insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Granite Investment Partners LLC raised its stake in LogMeIn by 22.6% during the 1st quarter. Granite Investment Partners LLC now owns 9,644 shares of the software maker’s stock worth $772,000 after acquiring an additional 1,775 shares in the last quarter. Hancock Whitney Corp acquired a new stake in LogMeIn during the 1st quarter worth $1,221,000. Amundi Pioneer Asset Management Inc. raised its stake in LogMeIn by 2.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 81,742 shares of the software maker’s stock worth $6,547,000 after acquiring an additional 2,277 shares in the last quarter. Northern Trust Corp raised its stake in LogMeIn by 20.0% during the 1st quarter. Northern Trust Corp now owns 487,387 shares of the software maker’s stock worth $39,040,000 after acquiring an additional 81,389 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new stake in LogMeIn during the 1st quarter worth $662,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Shares of LOGM stock opened at $76.83 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.53 and a quick ratio of 0.53. LogMeIn has a 52 week low of $74.87 and a 52 week high of $115.20. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be issued a $0.325 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.69%. LogMeIn’s payout ratio is 28.57%.

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.

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