Equities analysts expect that Luxoft Holding, Inc. (NYSE:LXFT) will post sales of $227.67 million for the current quarter, according to Zacks. Four analysts have issued estimates for Luxoft Holding’s earnings, with the highest sales estimate coming in at $230.60 million and the lowest estimate coming in at $223.80 million. Luxoft Holding posted sales of $196.46 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 9th.

On average, analysts expect that Luxoft Holding will report full year sales of $227.67 million for the current year, with estimates ranging from $920.51 million to $922.66 million. For the next year, analysts anticipate that the business will post sales of $1.10 billion per share, with estimates ranging from $1.08 billion to $1.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Luxoft Holding.

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

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Shares of Luxoft Holding (LXFT) opened at 49.00 on Friday. Luxoft Holding has a 52-week low of $40.15 and a 52-week high of $67.85. The stock has a market cap of $1.64 billion, a P/E ratio of 30.66 and a beta of 1.50. The firm’s 50 day moving average price is $52.43 and its 200 day moving average price is $59.39.

Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. lifted its holdings in shares of Luxoft Holding by 9.1% during the 2nd quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock worth $122,000 after acquiring an additional 168 shares during the period. Bank of America Corp DE lifted its holdings in shares of Luxoft Holding by 305.1% during the 1st quarter. Bank of America Corp DE now owns 2,228 shares of the software maker’s stock worth $139,000 after acquiring an additional 1,678 shares during the period. Pacad Investment Ltd. lifted its holdings in shares of Luxoft Holding by 50.0% during the 2nd quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock worth $201,000 after acquiring an additional 1,100 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Luxoft Holding during the 1st quarter worth about $204,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Luxoft Holding 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 acquiring an additional 2,215 shares during the period. Institutional investors and hedge funds own 80.58% of the company’s stock.

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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