Luxoft Holding (LXFT) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Luxoft Holding (NYSE:LXFT) announced its earnings results on Tuesday. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.08, Analyst Ratings News reports. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $105.25 million. During the same quarter last year, the company posted $0.36 earnings per share.
Luxoft Holding (NYSE:LXFT) traded up 0.33% on Tuesday, hitting $36.17. The stock had a trading volume of 92,618 shares. Luxoft Holding has a 52-week low of $22.30 and a 52-week high of $43.56. The stock’s 50-day moving average is $34.8 and its 200-day moving average is $33.58. The company has a market cap of $1.188 billion and a price-to-earnings ratio of 22.67.
A number of analysts have recently weighed in on LXFT shares. Analysts at Renaissance Capital initiated coverage on shares of Luxoft Holding in a research note on Wednesday, July 9th. They set a “buy” rating and a $48.00 price target on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Luxoft Holding in a research note on Friday, May 16th. They now have a $31.00 price target on the stock, down previously from $32.00.
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