Brokerages Expect Luxoft Holding Inc (LXFT) Will Post Earnings of $0.83 Per Share

Equities analysts expect that Luxoft Holding Inc (NYSE:LXFT) will report earnings per share of $0.83 for the current quarter, Zacks reports. Four analysts have made estimates for Luxoft’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.78. Luxoft posted earnings of $0.82 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, February 13th.

According to Zacks, analysts expect that Luxoft will report full year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.87 to $2.91. For the next year, analysts anticipate that the firm will report earnings of $3.57 per share, with EPS estimates ranging from $3.51 to $3.62. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Luxoft.

Luxoft (NYSE:LXFT) last released its quarterly earnings data on Thursday, November 16th. The software maker reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.13. Luxoft had a return on equity of 17.81% and a net margin of 6.72%.

Several research firms have commented on LXFT. Zacks Investment Research cut Luxoft from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Cantor Fitzgerald upgraded Luxoft from a “neutral” rating to an “overweight” rating and set a $65.00 target price on the stock in a research note on Wednesday, January 17th. BidaskClub upgraded Luxoft from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Cowen restated a “buy” rating and issued a $63.00 target price on shares of Luxoft in a research note on Thursday, October 12th. Finally, KeyCorp restated a “hold” rating on shares of Luxoft in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $63.00.

Luxoft (LXFT) opened at $52.95 on Tuesday. Luxoft has a 1-year low of $40.15 and a 1-year high of $67.85. The firm has a market capitalization of $1,843.23, a PE ratio of 31.71 and a beta of 1.42.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LXFT. Legal & General Group Plc increased its position in shares of Luxoft by 52.1% during the 3rd quarter. Legal & General Group Plc now owns 10,800 shares of the software maker’s stock worth $516,000 after purchasing an additional 3,700 shares during the last quarter. Confluence Investment Management LLC increased its position in shares of Luxoft by 3.9% during the 4th quarter. Confluence Investment Management LLC now owns 87,133 shares of the software maker’s stock worth $4,853,000 after purchasing an additional 3,284 shares during the last quarter. Dupont Capital Management Corp increased its position in shares of Luxoft by 23.7% during the 3rd quarter. Dupont Capital Management Corp now owns 11,577 shares of the software maker’s stock worth $553,000 after purchasing an additional 2,221 shares during the last quarter. CWM LLC acquired a new position in shares of Luxoft during the 4th quarter worth approximately $3,312,000. Finally, GSA Capital Partners LLP increased its position in shares of Luxoft by 132.1% during the 3rd quarter. GSA Capital Partners LLP now owns 35,307 shares of the software maker’s stock worth $1,688,000 after purchasing an additional 20,097 shares during the last quarter. Hedge funds and other institutional investors own 52.08% 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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Earnings History and Estimates for Luxoft (NYSE:LXFT)

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