After coming up a skosh short on earnings in Q1, Logitech
What analysts say:
- Buy, sell or waffle? 21 analysts now follow Logitech, doling out a dozen buy ratings, eight holds, and a sell.
- Revenues. On average, analysts expect sales to grow 13% to $672.1 million.
- Earnings. Profits are predicted to gain a penny at $0.43 per share.
What management says:
You probably wouldn't know it from Logitech's SEC pages, but Logitech's been quite busy this quarter. Its Omnidirectional Speaker for the Apple
What management does:
Why buy back shares now? With its stock cut nearly in half over the past year, the phrase: "No time like the present" springs to mind. Meanwhile, margins are be holding up well, and still beating rivals Sony
3/07 |
6/07 |
9/07 |
12/07 |
3/08 |
6/08 |
|
---|---|---|---|---|---|---|
Gross |
34.3% |
34.9% |
35.4% |
35.6% |
35.8% |
35.8% |
Operating |
11.2% |
11% |
11.8% |
12.1% |
12.1% |
11.9% |
Net |
11.1% |
10.7% |
8.5% |
9.9% |
9.7% |
9.6% |
All data courtesy of Capital IQ, a division of Standard & Poor's. Data reflects trailing-12-month performance for the quarters ended in the named months.
One Fool says:
Speaking of "unless and until," wouldn't it be nice to know if Logitech is suffering from the economic meltdown before it actually happens? We may get a clue this evening, and here's where you should look for it:
On the balance sheet. As of Q1, this document was showing all systems go: Against 18% sales growth, inventories were up a matching 18%. So as recently as July, Logitech was having no trouble moving its goods. If trouble begins to appear, though, here's where you'll find it. If inventories begin rising faster than sales, or if accounts receivable start rising too quickly, you may want to rethink the logic of owning Logitech.
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