Zacks: Brokerages Expect Luxoft Holding Inc (LXFT) to Announce $0.62 Earnings Per Share

Analysts predict that Luxoft Holding Inc (NYSE:LXFT) will post earnings of $0.62 per share for the current quarter, according to Zacks. Four analysts have made estimates for Luxoft’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.58. Luxoft reported earnings per share of $0.59 during the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The company is expected to issue its next quarterly earnings report on Thursday, May 23rd.

On average, analysts expect that Luxoft will report full-year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.34 to $2.44. For the next financial year, analysts expect that the company will post earnings of $2.95 per share, with EPS estimates ranging from $2.87 to $3.06. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Luxoft.

Luxoft (NYSE:LXFT) last announced its quarterly earnings data on Wednesday, February 13th. The software maker reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.15. Luxoft had a return on equity of 12.33% and a net margin of 4.60%. The business had revenue of $230.36 million for the quarter, compared to analysts’ expectations of $233.85 million. During the same period in the previous year, the business posted $0.89 EPS. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year.

A number of equities research analysts recently issued reports on LXFT shares. Cantor Fitzgerald restated a “buy” rating and issued a $52.00 price objective on shares of Luxoft in a research note on Thursday, November 15th. JPMorgan Chase & Co. cut Luxoft from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 15th. ValuEngine cut Luxoft from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Zacks Investment Research cut Luxoft from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Finally, Credit Suisse Group set a $38.00 price target on Luxoft and gave the company a “hold” rating in a research report on Thursday, November 15th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $50.75.

Several institutional investors and hedge funds have recently made changes to their positions in LXFT. New York State Common Retirement Fund bought a new stake in shares of Luxoft during the fourth quarter valued at about $168,000. Virtu Financial LLC bought a new stake in shares of Luxoft during the third quarter valued at about $214,000. Hsbc Holdings PLC increased its position in shares of Luxoft by 8.2% during the fourth quarter. Hsbc Holdings PLC now owns 9,034 shares of the software maker’s stock valued at $275,000 after buying an additional 681 shares during the period. NJ State Employees Deferred Compensation Plan increased its position in shares of Luxoft by 50.0% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the software maker’s stock valued at $365,000 after buying an additional 4,000 shares during the period. Finally, Squarepoint Ops LLC increased its position in shares of Luxoft by 137.3% during the fourth quarter. Squarepoint Ops LLC now owns 22,700 shares of the software maker’s stock valued at $691,000 after buying an additional 13,134 shares during the period. Hedge funds and other institutional investors own 56.36% of the company’s stock.

Shares of Luxoft stock opened at $58.62 on Friday. Luxoft has a 52-week low of $29.73 and a 52-week high of $58.70. The stock has a market capitalization of $1.98 billion, a P/E ratio of 28.05 and a beta of 2.43.

About Luxoft

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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