Logitech (LOGI) shares have soared 20.3% over the past year, outperforming the Zacks Computer - Peripheral Equipment industry's decline of 14.2%. This outperformance reflects investors' growing optimism about Logitech, which has been trying to recover from the post-pandemic downturn. The company is constantly trying to enrich its portfolio with new product launches to drive sales. Logitech recently expanded its Bluetooth speaker portfolio with MINIROLL under the Ultimate Ears brand. LOGI launched this produ ...

Core Viewpoint - Logitech International's recent annual general meeting (AGM) revealed investor disappointment regarding the company's dividend payout, leading to a decline in stock value despite the approval of all proposed measures [1][2]. Dividend Declaration - Logitech proposed an annual dividend of 1.16 Swiss francs ($1.19) per share, which was approved by shareholders [2]. - The new dividend represents a slight increase of 0.10 francs ($0.12) compared to the previous payout, but in U.S. dollar terms, it remains effectively unchanged due to the Swiss franc's appreciation against the dollar [3]. Shareholder Sentiment - The stock experienced a 2.7% decline on the day of the AGM, which was more significant than the S&P 500 index's decrease of 0.2%, indicating negative sentiment among investors [1]. Future Plans - Logitech expressed intentions to continue paying dividends and repurchasing shares to support stock value, although no specific details were provided regarding these activities [4]. Dividend Payment Timeline - The company anticipates the record and payment dates for the new dividend to be September 24 and September 25, respectively, with an expected yield of just under 1.4% based on the most recent closing share price [5].

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It has been about a month since the last earnings report for Logitech (LOGI) . Shares have added about 2.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Logitech due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Logitech Q1 Earnings and Revenues Surpass Estimates ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Score ...

Core Viewpoint - Logitech's stock has underperformed the S&P 500 composite over the past month, returning -8.2% compared to the index's -1.2% change, but it holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near term [1]. Financial Performance - For the quarter ended June 2024, Logitech reported revenue of $1.09 billion, reflecting an 11.7% increase year-over-year. The earnings per share (EPS) was $1.13, up from $0.65 in the same quarter last year [3]. - The reported revenue exceeded the Zacks Consensus Estimate of $1.03 billion, resulting in a surprise of +5.30%. The EPS also surpassed expectations by +26.97%, with the consensus estimate being $0.89 [6]. Segment Performance - Net Sales in Gaming reached $309.48 million, exceeding the average analyst estimate of $293.90 million, marking a year-over-year increase of +16.2% [5]. - Net Sales for Keyboards & Combos were $215.33 million, surpassing the estimate of $189.65 million, with a year-over-year change of +19.1% [5]. - Net Sales in Pointing Devices amounted to $189.95 million, above the estimate of $181.05 million, representing an +8.9% change year-over-year [5]. - Other segment sales were $30.74 million, slightly above the estimate of $29.94 million [5]. - Webcams reported sales of $72.90 million, below the estimate of $76.54 million, reflecting a -3.1% change year-over-year [5]. - Tablet Accessories achieved sales of $78.54 million, exceeding the estimate of $76.21 million, with an +11.7% year-over-year change [5]. - Headsets generated $44.24 million in sales, surpassing the estimate of $38.29 million [5]. - Video Collaboration sales were $147.04 million, slightly below the estimate of $147.94 million, with a year-over-year increase of +5.5% [5].

Sales Performance - Total sales for the three months ended June 30, 2024, increased by 12% to $1,088.2 million compared to $974.5 million for the same period in 2023, driven by improved demand in Gaming, Keyboards & Combos, and Pointing Devices [142]. - The Americas region generated sales of $485.3 million, up from $445.2 million in the prior year, while EMEA and Asia Pacific regions reported sales of $309.8 million and $293.1 million, respectively [158]. Financial Metrics - The income tax provision for the three months ended June 30, 2024, was $25.6 million, compared to $12.5 million for the same period in 2023, primarily due to the mix of income and losses in various tax jurisdictions [143]. - The company had uncommitted, unsecured bank lines of credit totaling $171.8 million as of June 30, 2024, with no outstanding borrowings under these lines [146]. - The company’s goodwill and other intangible assets increased slightly from $461.978 million as of March 31, 2024, to $462.003 million as of June 30, 2024 [145]. Share Repurchase - The company repurchased 1.4 million shares for an aggregate cost of $132.1 million under the 2023 share repurchase program during the three months ended June 30, 2024 [150]. Currency Exposure - Approximately 49% of the company's sales for the three months ended June 30, 2024, were in non-U.S. denominated currencies, with 21% of sales in Euro, exposing the company to currency exchange rate risks [289]. Strategic Direction - The ongoing growth in gaming and social gaming presents opportunities for the company to expand its product offerings to a wider community of gamers [138]. - The company is continuously reviewing its product offerings and strategic direction in light of profitability targets and changing consumer trends [136]. Legal Proceedings - The company is involved in several legal proceedings but does not believe that these will have a material adverse effect on its financial condition [149].

Insights 1.7 World Container Index - 18 Jul Valuation My view for LOGI is a hold rating. While 1Q25 results were positive, I have concerns about weak consumer spending and rising freight costs which could weigh on near-term earnings performance. The widening gap between sell-in and sell-through suggests high channel inventory, potentially limiting future growth. Additionally, rising freight costs could squeeze margins. While a PC demand recovery could be a tailwind, the stock is likely to trade sideways unt ...

Before the market opened this morning, the gaming and computer accessories specialist reported results for the first quarter of its current fiscal year (for the period ended June 30). In addition to delivering sales and earnings results that topped the market's expectations, the company also raised its full-year performance targets. But performance also weakened significantly along one key metric. Logitech crushed earnings expectations in fiscal Q1 Logitech posted non-GAAP (adjusted) earnings per share of $ ...

Logitech's fiscal first-quarter non-GAAP earnings of $1.13 per share beat the Zacks Consensus Estimate of 89 cents and registered a year-over-year increase of 74%. The company's bottom-line results mainly benefited from increased revenues and lower product costs and promotional costs, leading to gross margin expansion. On the other hand, Webcams declined 3% to $73 million and the Other category's revenues fell 1% to $30.7 million. Our estimates for Logitech's Webcams and Other category's first-quarter reven ...