Equities research analysts expect that Luxoft Holding, Inc. (NYSE:LXFT) will announce earnings of $0.81 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Luxoft Holding’s earnings, with estimates ranging from $0.76 to $0.85. Luxoft Holding posted earnings of $0.83 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.4%. The firm is scheduled to report its next earnings report on Thursday, November 9th.

On average, analysts expect that Luxoft Holding will report full-year earnings of $2.88 per share for the current year, with EPS estimates ranging from $2.86 to $2.91. For the next year, analysts anticipate that the firm will post earnings of $3.67 per share, with EPS estimates ranging from $3.45 to $3.83. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Luxoft Holding.

Several equities analysts have weighed in on LXFT shares. Cantor Fitzgerald restated a “hold” rating and set a $55.00 target price on shares of Luxoft Holding in a report on Tuesday, May 23rd. Cowen and Company raised their target price on Luxoft Holding from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, May 24th. UBS AG reaffirmed a “neutral” rating and issued a $66.00 price target (up from $63.00) on shares of Luxoft Holding in a research report on Thursday, May 25th. Zacks Investment Research downgraded Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Friday, May 26th. Finally, BidaskClub downgraded Luxoft Holding from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Luxoft Holding presently has an average rating of “Hold” and a consensus price target of $64.38.

Shares of Luxoft Holding (NYSE LXFT) traded down 1.50% during midday trading on Thursday, hitting $47.58. The stock had a trading volume of 99,942 shares. Luxoft Holding has a 1-year low of $40.15 and a 1-year high of $67.85. The firm has a 50-day moving average price of $52.81 and a 200-day moving average price of $59.45. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 29.77 and a beta of 1.50.

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Hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in Luxoft Holding by 6.5% during the first quarter. Morgan Stanley now owns 2,623,017 shares of the software maker’s stock worth $164,070,000 after buying an additional 159,716 shares in the last quarter. Credit Suisse AG grew its position in Luxoft Holding by 1.6% during 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 in the last quarter. Goldman Sachs Group Inc. grew its position in Luxoft Holding by 255.8% during 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 in the last quarter. UBS Group AG grew its position in Luxoft Holding by 105.4% during the first quarter. UBS Group AG now owns 6,133 shares of the software maker’s stock worth $384,000 after buying an additional 3,147 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Luxoft Holding during the first quarter worth about $3,568,000. 80.58% of the stock is currently owned by institutional investors and hedge funds.

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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