Luxoft Holding Inc Forecasted to Post Q3 2018 Earnings of $0.67 Per Share (LXFT)
Luxoft Holding Inc (NYSE:LXFT) – Wedbush increased their Q3 2018 earnings per share estimates for Luxoft in a research note issued on Tuesday. Wedbush analyst M. Katri now expects that the software maker will post earnings per share of $0.67 for the quarter, up from their prior forecast of $0.63. Wedbush also issued estimates for Luxoft’s Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.21 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.79 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.76 EPS.
LXFT has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Luxoft from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Cowen restated a “buy” rating and issued a $63.00 price target on shares of Luxoft in a research note on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Luxoft in a research note on Friday, November 3rd. UBS Group raised their price target on shares of Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Finally, BidaskClub downgraded shares of Luxoft from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.75.
Luxoft (NYSE:LXFT) traded up $0.15 on Thursday, hitting $57.15. 218,368 shares of the stock were exchanged, compared to its average volume of 212,584. Luxoft has a one year low of $40.15 and a one year high of $67.85. The firm has a market cap of $1,920.00, a P/E ratio of 34.22 and a beta of 1.48.
A number of large investors have recently bought and sold shares of LXFT. D.A. Davidson & CO. boosted its position in Luxoft by 9.1% during the 2nd quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock worth $122,000 after buying an additional 168 shares during the period. Pacad Investment Ltd. boosted its position in Luxoft by 50.0% during the 2nd quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock worth $201,000 after buying an additional 1,100 shares during the period. Wells Fargo & Company MN boosted its position in Luxoft by 182.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock worth $209,000 after buying an additional 2,215 shares during the period. Trexquant Investment LP boosted its position in Luxoft by 64.4% during the 3rd quarter. Trexquant Investment LP now owns 5,663 shares of the software maker’s stock worth $271,000 after buying an additional 2,218 shares during the period. Finally, BT Investment Management Ltd acquired a new stake in Luxoft during the 2nd quarter worth approximately $298,000. Institutional investors and hedge funds own 51.01% of the company’s stock.
Luxoft Company Profile
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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