Luxoft Holding, Inc. (LXFT) Issues FY18 Earnings Guidance
Luxoft Holding, Inc. (NYSE:LXFT) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of at least $2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.90. The company issued revenue guidance of at least $920 million, compared to the consensus revenue estimate of $922.72 million.
Shares of Luxoft Holding, Inc. (LXFT) traded down $0.10 during midday trading on Thursday, hitting $46.95. 573,009 shares of the company’s stock were exchanged, compared to its average volume of 206,012. Luxoft Holding, Inc. has a fifty-two week low of $40.15 and a fifty-two week high of $67.85. The company has a market capitalization of $1,032.63, a P/E ratio of 22.32 and a beta of 1.45.
A number of equities analysts have weighed in on LXFT shares. VTB Capital started coverage on shares of Luxoft Holding in a research note on Tuesday, August 15th. They set a buy rating and a $65.00 target price for the company. Berenberg Bank set a $60.00 target price on shares of Luxoft Holding and gave the company a buy rating in a research note on Monday, August 14th. Cowen and Company set a $63.00 price target on shares of Luxoft Holding and gave the company a buy rating in a research report on Friday, August 11th. KeyCorp reissued a hold rating on shares of Luxoft Holding in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of Luxoft Holding from a sell rating to a hold rating in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Luxoft Holding presently has a consensus rating of Hold and a consensus price target of $62.67.
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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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