LogMeIn (LOGM) Updates FY18 Earnings Guidance

LogMeIn (NASDAQ:LOGM) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $5.43-5.53 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.90. The company issued revenue guidance of $1.132-1.147 billion, compared to the consensus revenue estimate of $1.14 billion.LogMeIn also updated its Q1 guidance to $1.17-1.18 EPS.

Several brokerages have weighed in on LOGM. Needham & Company LLC increased their target price on LogMeIn from $130.00 to $140.00 and gave the stock a buy rating in a research report on Friday. Zacks Investment Research lowered LogMeIn from a hold rating to a sell rating in a research report on Wednesday, January 3rd. BidaskClub lowered LogMeIn from a buy rating to a hold rating in a research report on Friday, January 19th. Barclays increased their target price on LogMeIn from $132.00 to $142.00 and gave the stock an overweight rating in a research report on Friday, October 27th. Finally, Cowen reaffirmed a buy rating and issued a $145.00 target price on shares of LogMeIn in a research report on Sunday, October 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $137.63.

LogMeIn (NASDAQ:LOGM) opened at $122.45 on Friday. The company has a market capitalization of $7,042.92, a price-to-earnings ratio of 68.79, a PEG ratio of 1.90 and a beta of 1.36. LogMeIn has a fifty-two week low of $90.35 and a fifty-two week high of $134.80.

LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings results on Thursday, February 15th. The software maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $276.03 million for the quarter, compared to analyst estimates of $276.75 million. LogMeIn had a return on equity of 5.61% and a net margin of 10.06%. The company’s quarterly revenue was up 213.8% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. research analysts anticipate that LogMeIn will post 4.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Monday, February 12th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from LogMeIn’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 9th. LogMeIn’s dividend payout ratio (DPR) is 67.42%.

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About LogMeIn

LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.

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