LogMein, Inc. (NASDAQ:LOGM) is scheduled to announce its earnings results after the market closes on Thursday, October 26th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. LogMein has set its Q3 guidance at $1.10-1.12 EPS and its FY17 guidance at $4.00-4.10 EPS.

LogMein (NASDAQ:LOGM) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.08. LogMein had a negative net margin of 0.41% and a positive return on equity of 5.42%. The company had revenue of $266.95 million for the quarter, compared to the consensus estimate of $264.95 million. During the same period in the prior year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 220.6% compared to the same quarter last year. On average, analysts expect LogMein to post $3.13 EPS for the current fiscal year and $4.01 EPS for the next fiscal year.

Shares of LogMein, Inc. (LOGM) opened at 117.35 on Thursday. The stock’s market capitalization is $6.19 billion. LogMein, Inc. has a 12 month low of $86.22 and a 12 month high of $123.95. The firm has a 50 day moving average of $112.96 and a 200-day moving average of $111.24.

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In related news, CEO William Raymond Wagner sold 4,588 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $116.30, for a total value of $533,584.40. Following the sale, the chief executive officer now directly owns 69,542 shares of the company’s stock, valued at $8,087,734.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward K. Herdiech sold 6,354 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $117.66, for a total transaction of $747,611.64. Following the completion of the sale, the chief financial officer now directly owns 13,695 shares in the company, valued at $1,611,353.70. The disclosure for this sale can be found here. Insiders sold 69,319 shares of company stock worth $7,922,367 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

LOGM has been the topic of a number of recent research reports. Cowen and Company reissued a “buy” rating and set a $134.00 target price on shares of LogMein in a research report on Friday, September 1st. BidaskClub raised shares of LogMein from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Piper Jaffray Companies reissued an “overweight” rating and set a $150.00 target price on shares of LogMein in a research report on Friday, June 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $140.00 target price on shares of LogMein in a research report on Monday, September 4th. Finally, Robert W. Baird reissued a “hold” rating and set a $130.00 target price on shares of LogMein in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $131.85.

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.

Earnings History for LogMein (NASDAQ:LOGM)

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