Analysts expect Luxoft Holding Inc (NYSE:LXFT) to announce earnings of $0.83 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Luxoft’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.89. Luxoft reported earnings per share of $0.82 during the same quarter last year, which would suggest a positive year over year growth rate of 1.2%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, February 13th.
On average, analysts expect that Luxoft will report full-year earnings of $2.89 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $2.91. For the next financial year, analysts anticipate that the company will report earnings of $3.57 per share, with EPS estimates ranging from $3.51 to $3.62. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Luxoft.
Luxoft (NYSE:LXFT) last announced its quarterly earnings data on Thursday, November 16th. The software maker reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13. The company had revenue of $228.03 million during the quarter, compared to analyst estimates of $227.09 million. Luxoft had a net margin of 6.72% and a return on equity of 17.81%.
A number of equities research analysts have commented on LXFT shares. Zacks Investment Research downgraded Luxoft from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 15th. Cowen reaffirmed a “buy” rating and set a $63.00 target price on shares of Luxoft in a report on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Luxoft in a report on Friday, November 3rd. UBS Group upped their target price on Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Finally, BidaskClub downgraded Luxoft from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $63.00.
Shares of Luxoft (LXFT) traded up $1.05 on Tuesday, hitting $52.50. 134,131 shares of the stock were exchanged, compared to its average volume of 231,528. The stock has a market capitalization of $1,787.63, a price-to-earnings ratio of 30.81 and a beta of 1.42. Luxoft has a twelve month low of $40.15 and a twelve month high of $67.85.
Hedge funds and other institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. lifted its holdings in shares of Luxoft by 9.1% during the second quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock valued at $122,000 after purchasing an additional 168 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Luxoft by 182.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock worth $209,000 after buying an additional 2,215 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Luxoft by 64.4% during the 3rd quarter. Trexquant Investment LP now owns 5,663 shares of the software maker’s stock worth $271,000 after buying an additional 2,218 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Luxoft during the 2nd quarter worth $344,000. Finally, Janney Capital Management LLC raised its stake in shares of Luxoft by 75.4% during the 3rd quarter. Janney Capital Management LLC now owns 8,898 shares of the software maker’s stock worth $425,000 after buying an additional 3,825 shares during the last quarter. 52.08% of the stock is currently owned by hedge funds and other institutional investors.
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Luxoft Holding, Inc, is a provider of software development services and information technology (IT) solutions to a global client base consisting primarily of large multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.
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