Equities research analysts forecast that Luxoft Holding Inc (NYSE:LXFT) will announce earnings per share (EPS) of $0.59 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 $0.58 and the highest estimate coming in at $0.60. Luxoft posted earnings of $0.63 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The firm is expected to issue its next earnings results on Monday, May 28th.
On average, analysts expect that Luxoft will report full-year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.79 to $2.81. For the next financial year, analysts anticipate that the company will post earnings of $3.24 per share, with EPS estimates ranging from $3.10 to $3.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Luxoft.
LXFT has been the subject of several research analyst reports. BidaskClub lowered shares of Luxoft from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Luxoft in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Luxoft from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Cantor Fitzgerald reiterated a “hold” rating and issued a $47.00 price objective on shares of Luxoft in a research note on Friday, November 17th. Finally, UBS Group lifted their price objective on shares of Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $57.82.
Shares of Luxoft (NYSE:LXFT) opened at $44.80 on Friday. The firm has a market cap of $1,528.16, a price-to-earnings ratio of 26.05 and a beta of 1.42. Luxoft has a one year low of $40.15 and a one year high of $67.85.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC acquired a new stake in Luxoft in the 4th quarter valued at $3,312,000. Legal & General Group Plc grew its position in Luxoft by 52.1% in the 3rd quarter. Legal & General Group Plc now owns 10,800 shares of the software maker’s stock valued at $516,000 after purchasing an additional 3,700 shares during the period. Kirr Marbach & Co. LLC IN purchased a new position in Luxoft during the 4th quarter worth $4,540,000. Confluence Investment Management LLC boosted its holdings in 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 acquiring an additional 3,284 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Luxoft by 100.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 245,276 shares of the software maker’s stock worth $11,724,000 after acquiring an additional 123,126 shares during the last quarter. 49.01% of the stock is owned by institutional investors and hedge funds.
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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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