Wall Street brokerages expect Luxoft Holding, Inc. (NYSE:LXFT) to announce earnings of $0.54 per share for the current quarter, according to Zacks. Four analysts have made estimates for Luxoft Holding’s earnings. Luxoft Holding posted earnings of $0.42 per share during the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The business is scheduled to issue its next earnings report after the market closes on Thursday, August 10th.

According to Zacks, analysts expect that Luxoft Holding will report full-year earnings of $2.43 per share for the current financial year. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Luxoft Holding.

Luxoft Holding (NYSE:LXFT) last posted its quarterly earnings data on Monday, May 22nd. The software maker reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The company had revenue of $204.10 million for the quarter, compared to analyst estimates of $202.30 million. Luxoft Holding had a return on equity of 21.06% and a net margin of 7.97%. Luxoft Holding’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS.

Several equities analysts have recently weighed in on LXFT shares. Cowen and Company set a $68.00 price objective on Luxoft Holding and gave the company a “buy” rating in a report on Friday, June 16th. Zacks Investment Research upgraded Luxoft Holding from a “sell” rating to a “hold” rating in a report on Thursday, March 23rd. BidaskClub cut Luxoft Holding from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Cantor Fitzgerald reiterated a “hold” rating and set a $55.00 price objective on shares of Luxoft Holding in a report on Tuesday, May 23rd. Finally, UBS AG reiterated a “neutral” rating and set a $66.00 price objective (up previously from $63.00) on shares of Luxoft Holding in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $65.83.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Luxoft Holding by 255.8% in the first quarter. Goldman Sachs Group Inc. now owns 88,382 shares of the software maker’s stock worth $5,528,000 after buying an additional 63,545 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its stake in Luxoft Holding by 5.9% in the first quarter. Grandeur Peak Global Advisors LLC now owns 229,325 shares of the software maker’s stock worth $14,344,000 after buying an additional 12,725 shares during the last quarter. Credit Suisse AG increased its stake in Luxoft Holding by 1.6% in the first quarter. Credit Suisse AG now owns 322,811 shares of the software maker’s stock worth $20,192,000 after buying an additional 5,148 shares during the last quarter. Barings LLC bought a new stake in Luxoft Holding during the first quarter worth $813,000. Finally, Two Sigma Securities LLC bought a new stake in Luxoft Holding during the first quarter worth $204,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Luxoft Holding (NYSE LXFT) traded up 2.15% during mid-day trading on Wednesday, reaching $64.05. The company’s stock had a trading volume of 230,982 shares. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 34.81 and a beta of 1.46. The stock’s 50 day moving average is $62.08 and its 200 day moving average is $60.82. Luxoft Holding has a 12 month low of $48.20 and a 12 month high of $67.85.

Luxoft Holding Company Profile

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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