Equities analysts predict that Luxoft Holding, Inc. (NYSE:LXFT) will announce $244.52 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Luxoft’s earnings, with the lowest sales estimate coming in at $243.14 million and the highest estimate coming in at $245.60 million. Luxoft reported sales of $206.92 million in the same quarter last year, which indicates a positive year over year growth rate of 18.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 13th.

On average, analysts expect that Luxoft will report full year sales of $244.52 million for the current financial year, with estimates ranging from $920.26 million to $923.60 million. For the next year, analysts forecast that the firm will report sales of $1.09 billion per share, with estimates ranging from $1.07 billion to $1.12 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Luxoft.

A number of research analysts recently issued reports on LXFT shares. Berenberg Bank set a $60.00 target price on Luxoft and gave the company a “buy” rating in a report on Monday, August 14th. Zacks Investment Research lowered shares of Luxoft from a “buy” rating to a “strong sell” rating in a research report on Wednesday, August 16th. VTB Capital initiated coverage on shares of Luxoft in a research note on Tuesday, August 15th. They issued a “buy” rating and a $65.00 price objective for the company. Cantor Fitzgerald restated a “hold” rating and set a $47.00 price target on shares of Luxoft in a report on Friday, November 17th. Finally, BidaskClub upgraded shares of Luxoft from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $59.43.

Shares of Luxoft (NYSE:LXFT) opened at $51.50 on Friday. Luxoft has a 12 month low of $40.15 and a 12 month high of $67.85. The firm has a market capitalization of $1,812.90, a price-to-earnings ratio of 25.74 and a beta of 1.45.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Luxoft by 5.4% in the 2nd quarter. FMR LLC now owns 2,058,143 shares of the software maker’s stock worth $125,239,000 after acquiring an additional 105,039 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in Luxoft by 4.2% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,714,881 shares of the software maker’s stock valued at $81,971,000 after acquiring an additional 69,234 shares during the period. Prudential PLC boosted its holdings in Luxoft by 2.4% during the 2nd quarter. Prudential PLC now owns 782,042 shares of the software maker’s stock valued at $47,587,000 after acquiring an additional 18,476 shares during the period. NWQ Investment Management Company LLC boosted its holdings in Luxoft by 90.5% during the 3rd quarter. NWQ Investment Management Company LLC now owns 603,218 shares of the software maker’s stock valued at $28,834,000 after acquiring an additional 286,497 shares during the period. Finally, Standard Life Investments LTD lifted its stake in shares of Luxoft by 153.9% during the 2nd quarter. Standard Life Investments LTD now owns 330,669 shares of the software maker’s stock worth $20,114,000 after purchasing an additional 200,442 shares during the last quarter. Institutional investors own 79.35% of the company’s stock.

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Luxoft 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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