Wall Street brokerages expect LogMeIn Inc (NASDAQ:LOGM) to post $1.13 earnings per share for the current quarter, according to Zacks. Six analysts have issued estimates for LogMeIn’s earnings, with estimates ranging from $1.11 to $1.13. LogMeIn reported earnings per share of $1.32 in the same quarter last year, which suggests a negative year over year growth rate of 14.4%. The company is expected to announce its next earnings report on Thursday, July 25th.

On average, analysts expect that LogMeIn will report full year earnings of $4.99 per share for the current financial year, with EPS estimates ranging from $4.97 to $5.02. For the next financial year, analysts expect that the company will post earnings of $4.97 per share, with EPS estimates ranging from $4.69 to $5.37. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover LogMeIn.

LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings results 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. The business had revenue of $307.70 million during the quarter, compared to the consensus estimate of $305.57 million. LogMeIn had a net margin of 2.89% and a return on equity of 7.68%. LogMeIn’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share.

LOGM has been the subject of a number of analyst reports. BidaskClub upgraded shares of LogMeIn from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. Zacks Investment Research upgraded shares of LogMeIn from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Needham & Company LLC cut shares of LogMeIn from a “buy” rating to a “hold” rating in a report on Friday, February 15th. ValuEngine cut shares of LogMeIn from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Finally, Oppenheimer cut shares of LogMeIn from an “outperform” rating to a “market perform” rating and set a $105.00 price objective for the company. in a report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. LogMeIn presently has an average rating of “Hold” and an average price target of $95.30.

LOGM opened at $77.33 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.83 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. LogMeIn has a fifty-two week low of $74.87 and a fifty-two week high of $114.45.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 8th will be issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, May 7th. LogMeIn’s dividend payout ratio is currently 28.57%.

In related news, Director Michael K. Simon sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $81.17, for a total transaction of $1,826,325.00. Following the completion of the transaction, the director now owns 547,074 shares in the company, valued at $44,405,996.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 67,500 shares of company stock valued at $5,505,300. Corporate insiders own 2.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in LOGM. JPMorgan Chase & Co. boosted its holdings in shares of LogMeIn by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 58,530 shares of the software maker’s stock valued at $5,215,000 after buying an additional 3,719 shares during the period. Nordea Investment Management AB boosted its holdings in shares of LogMeIn by 58.0% in the third quarter. Nordea Investment Management AB now owns 74,140 shares of the software maker’s stock valued at $6,604,000 after buying an additional 27,204 shares during the period. Vanguard Group Inc boosted its holdings in shares of LogMeIn by 1.4% in the third quarter. Vanguard Group Inc now owns 4,579,956 shares of the software maker’s stock valued at $408,073,000 after buying an additional 63,104 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of LogMeIn by 8.0% in the fourth quarter. Retirement Systems of Alabama now owns 158,842 shares of the software maker’s stock valued at $12,957,000 after buying an additional 11,812 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of LogMeIn in the fourth quarter valued at approximately $359,000. Institutional investors own 97.95% of the company’s stock.

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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