Luxoft Holding Inc (NYSE:LXFT) Expected to Post Earnings of $0.65 Per Share

Wall Street analysts expect Luxoft Holding Inc (NYSE:LXFT) to announce earnings per share (EPS) of $0.65 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Luxoft’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.66. Luxoft posted earnings of $0.59 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 10.2%. The firm is expected to issue its next quarterly earnings results on Thursday, June 13th.

According to Zacks, analysts expect that Luxoft will report full-year earnings of $2.40 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.44. For the next financial year, analysts anticipate that the firm will report earnings of $2.91 per share, with EPS estimates ranging from $2.87 to $2.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Luxoft.

Separately, Zacks Investment Research downgraded Luxoft from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $52.67.

Shares of LXFT stock opened at $58.96 on Monday. Luxoft has a 12 month low of $29.73 and a 12 month high of $59.28. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 28.21 and a beta of 2.19.

A number of hedge funds have recently added to or reduced their stakes in the stock. Havens Advisors LLC acquired a new stake in shares of Luxoft in the 1st quarter valued at $5,146,000. Massachusetts Financial Services Co. MA increased its stake in shares of Luxoft by 29.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,533,917 shares of the software maker’s stock valued at $77,082,000 after buying an additional 578,869 shares during the period. Two Sigma Advisers LP increased its stake in shares of Luxoft by 4.5% in the 4th quarter. Two Sigma Advisers LP now owns 182,901 shares of the software maker’s stock valued at $5,564,000 after buying an additional 7,939 shares during the period. Millennium Management LLC acquired a new stake in shares of Luxoft in the 4th quarter valued at $1,875,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Luxoft by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 525,465 shares of the software maker’s stock valued at $15,985,000 after buying an additional 32,523 shares during the period. 60.90% 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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Earnings History and Estimates for Luxoft (NYSE:LXFT)

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