Zacks: Analysts Anticipate Luxoft Holding Inc (LXFT) to Post $0.83 EPS
Equities research analysts forecast that Luxoft Holding Inc (NYSE:LXFT) will announce earnings per share (EPS) of $0.83 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Luxoft’s earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.89. Luxoft posted earnings of $0.82 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The firm is expected to issue its next earnings results on Tuesday, February 13th.
On average, analysts expect that Luxoft will report full-year earnings of $2.89 per share for the current year, with EPS estimates ranging from $2.87 to $2.90. For the next financial year, analysts anticipate that the company will post earnings of $3.62 per share, with EPS estimates ranging from $3.59 to $3.69. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Luxoft.
A number of research firms have recently commented on LXFT. Credit Suisse Group cut Luxoft from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 7th. KeyCorp reiterated a “hold” rating on shares of Luxoft in a research report on Thursday, September 28th. Cowen reiterated a “buy” rating and set a $63.00 target price on shares of Luxoft in a research report on Thursday, October 12th. BidaskClub upgraded Luxoft from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research cut Luxoft from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $60.75.
Luxoft (LXFT) traded down $0.35 during trading on Wednesday, reaching $55.35. The company’s stock had a trading volume of 196,600 shares, compared to its average volume of 157,000. Luxoft has a one year low of $40.15 and a one year high of $67.85. The firm has a market capitalization of $1,876.92, a PE ratio of 33.14 and a beta of 1.48.
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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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