Zacks: Brokerages Expect Luxoft Holding Inc (LXFT) to Announce $0.66 Earnings Per Share

Equities analysts predict that Luxoft Holding Inc (NYSE:LXFT) will announce earnings of $0.66 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Luxoft’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.70. Luxoft posted earnings of $0.89 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 25.8%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 12th.

According to Zacks, 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 anticipate that the business will post earnings of $3.06 per share, with EPS estimates ranging from $2.87 to $3.40. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Luxoft.

Luxoft (NYSE:LXFT) last posted its quarterly earnings results on Thursday, November 15th. The software maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. The firm 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 equities analysts recently weighed in on LXFT shares. ValuEngine upgraded shares of Luxoft from a “strong sell” rating to a “sell” rating in a research report on Monday, August 13th. Zacks Investment Research lowered shares of Luxoft from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. KeyCorp boosted their price target on shares of Luxoft from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 16th. Cantor Fitzgerald restated a “buy” rating and set a $46.00 price target on shares of Luxoft in a research report on Monday, September 3rd. Finally, VTB Capital lowered shares of Luxoft from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Three research 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 company has a consensus rating of “Hold” and a consensus target price of $48.89.

LXFT traded up $0.55 on Friday, reaching $33.03. 235,658 shares of the company’s stock were exchanged, compared to its average volume of 252,155. The firm has a market capitalization of $1.10 billion, a PE ratio of 15.80 and a beta of 1.57. Luxoft has a twelve month low of $30.78 and a twelve month high of $59.05.

A number of large investors have recently bought and sold shares of the business. California Public Employees Retirement System boosted its holdings in Luxoft by 11.8% in the 2nd quarter. California Public Employees Retirement System now owns 27,057 shares of the software maker’s stock valued at $997,000 after purchasing an additional 2,862 shares during the last quarter. Northern Trust Corp boosted its holdings in Luxoft by 12.7% in the 2nd quarter. Northern Trust Corp now owns 30,787 shares of the software maker’s stock valued at $1,135,000 after purchasing an additional 3,469 shares during the last quarter. Bank of America Corp DE boosted its holdings in Luxoft by 17.9% in the 2nd quarter. Bank of America Corp DE now owns 25,090 shares of the software maker’s stock valued at $925,000 after purchasing an additional 3,816 shares during the last quarter. Virtu Financial LLC acquired a new position in Luxoft in the 3rd quarter valued at about $214,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Luxoft by 75.4% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 11,204 shares of the software maker’s stock valued at $413,000 after purchasing an additional 4,818 shares during the last quarter. Institutional investors own 56.01% of the company’s stock.

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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Earnings History and Estimates for Luxoft (NYSE:LXFT)

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