Equities research analysts expect that Luxoft Holding Inc (NYSE:LXFT) will post earnings of $0.66 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Luxoft’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.61. Luxoft posted earnings of $0.89 per share during the same quarter last year, which would indicate a negative year over year growth rate of 25.8%. The firm is scheduled to report its next earnings results on Tuesday, February 12th.
On average, analysts expect that Luxoft will report full-year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.34 to $2.51. For the next year, analysts expect that the company will report earnings of $3.06 per share, with EPS estimates ranging from $2.87 to $3.40. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Luxoft.
Luxoft (NYSE:LXFT) last posted its quarterly earnings data on Thursday, November 15th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. The company had revenue of $228.41 million for the quarter, compared to analyst estimates of $229.42 million. Luxoft had a net margin of 5.64% and a return on equity of 14.00%.
A number of brokerages recently issued reports on LXFT. Zacks Investment Research lowered shares of Luxoft from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. ValuEngine upgraded shares of Luxoft from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. KeyCorp lifted their price target on shares of Luxoft from $47.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, September 7th. JPMorgan Chase & Co. lowered shares of Luxoft from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 15th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $46.00 price target on shares of Luxoft in a research note on Monday, September 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.89.
Shares of NYSE:LXFT traded up $0.55 during midday trading on Friday, reaching $33.03. The company had a trading volume of 235,658 shares, compared to its average volume of 252,155. The firm has a market cap of $1.10 billion, a PE ratio of 15.80 and a beta of 1.57. Luxoft has a one year low of $30.78 and a one year high of $59.05.
A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Luxoft by 1.3% in the third quarter. FMR LLC now owns 2,242,332 shares of the software maker’s stock worth $106,174,000 after purchasing an additional 28,998 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Luxoft by 82.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,955,048 shares of the software maker’s stock worth $92,571,000 after purchasing an additional 884,095 shares during the period. Franklin Resources Inc. boosted its holdings in Luxoft by 140.6% in the third quarter. Franklin Resources Inc. now owns 1,392,572 shares of the software maker’s stock worth $65,938,000 after purchasing an additional 813,800 shares during the period. Nan Shan Life Insurance Co. Ltd. acquired a new position in Luxoft in the third quarter worth $39,610,000. Finally, Alliancebernstein L.P. boosted its holdings in Luxoft by 12.5% in the third quarter. Alliancebernstein L.P. now owns 659,550 shares of the software maker’s stock worth $31,230,000 after purchasing an additional 73,120 shares during the period. 56.01% of the stock is owned by hedge funds and other institutional investors.
Luxoft Company Profile
Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations. The company offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services.
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