Analysts expect Luxoft Holding, Inc. (NYSE:LXFT) to announce $0.78 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Luxoft Holding’s earnings, with estimates ranging from $0.73 to $0.83. Luxoft Holding reported earnings of $0.83 per share during the same quarter last year, which would indicate a negative year over year growth rate of 6%. The firm is expected to issue its next earnings results after the market closes on Thursday, November 16th.

On average, analysts expect that Luxoft Holding will report full-year earnings of $2.87 per share for the current year, with EPS estimates ranging from $2.79 to $2.91. For the next fiscal year, analysts forecast that the company will post earnings of $3.57 per share, with EPS estimates ranging from $3.45 to $3.71. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Luxoft Holding.

A number of brokerages recently weighed in on LXFT. Berenberg Bank set a $60.00 price target on shares of Luxoft Holding and gave the company a “buy” rating in a report on Monday, August 14th. BidaskClub lowered shares of Luxoft Holding from a “hold” rating to a “sell” rating in a report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Luxoft Holding in a report on Thursday, September 28th. Cowen and Company reissued a “buy” rating and issued a $63.00 price target on shares of Luxoft Holding in a report on Thursday, October 12th. Finally, Wedbush lowered shares of Luxoft Holding from an “outperform” rating to a “neutral” rating and raised their price target for the company from $60.80 to $67.00 in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Luxoft Holding has an average rating of “Hold” and a consensus price target of $62.67.

Luxoft Holding (NYSE LXFT) traded up $0.05 during trading hours on Friday, hitting $46.45. 251,800 shares of the stock were exchanged, compared to its average volume of 202,900. Luxoft Holding has a 52 week low of $40.15 and a 52 week high of $67.85. The company has a market capitalization of $1,027.10, a PE ratio of 22.20 and a beta of 1.45.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its holdings in shares of Luxoft Holding by 9.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock valued at $122,000 after buying an additional 168 shares during the period. Bank of America Corp DE grew its holdings in shares of Luxoft Holding by 305.1% in the 1st quarter. Bank of America Corp DE now owns 2,228 shares of the software maker’s stock valued at $139,000 after buying an additional 1,678 shares during the period. Pacad Investment Ltd. grew its holdings in shares of Luxoft Holding by 50.0% in the 2nd quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock valued at $201,000 after buying an additional 1,100 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Luxoft Holding by 182.0% in the 2nd quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock valued at $209,000 after buying an additional 2,215 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Luxoft Holding in the 2nd quarter valued at $210,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

About Luxoft Holding

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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