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%.
COPYRIGHT VIOLATION WARNING: “LogMeIn (LOGM) Updates FY18 Earnings Guidance” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2018/02/17/logmein-logm-updates-fy18-earnings-guidance.html.
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.
Receive News & Ratings for LogMeIn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMeIn and related companies with MarketBeat.com's FREE daily email newsletter.