Luxoft Holding Inc (LXFT) Expected to Post Earnings of $0.59 Per Share

Wall Street brokerages predict that Luxoft Holding Inc (NYSE:LXFT) will post $0.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. 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 reported earnings of $0.63 per share in the same quarter last year, which would indicate a negative year over year growth rate of 6.3%. The company is expected to announce its next earnings results before the market opens on Thursday, May 24th.

According to Zacks, analysts expect that Luxoft will report full year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.79 to $2.81. For the next year, analysts expect that the company will report earnings of $3.24 per share, with EPS estimates ranging from $3.10 to $3.34. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Luxoft.

Luxoft (NYSE:LXFT) last posted its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The business had revenue of $236.61 million during the quarter, compared to analyst estimates of $241.78 million. Luxoft had a net margin of 6.72% and a return on equity of 17.07%.



A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Luxoft from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Luxoft from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 18th. VTB Capital upgraded shares of Luxoft from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Credit Suisse Group dropped their target price on shares of Luxoft from $50.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, February 15th. Finally, KeyCorp dropped their target price on shares of Luxoft from $66.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $57.82.

A number of institutional investors have recently added to or reduced their stakes in LXFT. GCA Investment Management LLC purchased a new stake in Luxoft during the fourth quarter worth about $217,000. Quantbot Technologies LP raised its position in shares of Luxoft by 665.6% in the first quarter. Quantbot Technologies LP now owns 10,450 shares of the software maker’s stock valued at $427,000 after buying an additional 9,085 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Luxoft in the fourth quarter valued at approximately $446,000. Wells Fargo & Company MN raised its position in shares of Luxoft by 185.5% in the third quarter. Wells Fargo & Company MN now owns 9,797 shares of the software maker’s stock valued at $468,000 after buying an additional 6,365 shares in the last quarter. Finally, Redmond Asset Management LLC acquired a new stake in shares of Luxoft in the fourth quarter valued at approximately $518,000. 51.60% of the stock is currently owned by institutional investors.

Shares of Luxoft remained flat at $$41.90 during midday trading on Friday, MarketBeat reports. 117,886 shares of the company were exchanged, compared to its average volume of 169,048. Luxoft has a 12-month low of $38.50 and a 12-month high of $67.85. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 19.58 and a beta of 1.65.

About Luxoft

Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations primarily in Europe and the United States. It 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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