Luxoft Holding, Inc. (NYSE:LXFT) updated its FY18 earnings guidance on Friday. The company provided EPS guidance of $2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.35. The company issued revenue guidance of $920 million, compared to the consensus revenue estimate of $949.03 million.

A number of brokerages have weighed in on LXFT. Zacks Investment Research lowered Luxoft Holding from a hold rating to a sell rating in a report on Friday, May 26th. Cantor Fitzgerald reaffirmed a hold rating and issued a $55.00 price objective on shares of Luxoft Holding in a report on Tuesday, May 23rd. UBS AG reaffirmed a neutral rating and issued a $66.00 price objective (up previously from $63.00) on shares of Luxoft Holding in a report on Thursday, May 25th. Cowen and Company lifted their price objective on Luxoft Holding from $65.00 to $68.00 and gave the company an outperform rating in a report on Wednesday, May 24th. Finally, BidaskClub lowered Luxoft Holding from a buy rating to a hold rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $65.83.

Shares of Luxoft Holding, Inc. (NYSE LXFT) opened at 60.80 on Friday. Luxoft Holding, Inc. has a 52 week low of $48.20 and a 52 week high of $67.85. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 33.04 and a beta of 1.46. The stock’s 50 day moving average price is $61.88 and its 200 day moving average price is $61.22.

Luxoft Holding (NYSE:LXFT) last posted its quarterly earnings data on Monday, May 22nd. The software maker reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.05. The company had revenue of $204.10 million during the quarter, compared to the consensus estimate of $202.30 million. Luxoft Holding had a net margin of 7.97% and a return on equity of 21.06%. The company’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. Equities research analysts anticipate that Luxoft Holding, Inc. will post $3.39 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Luxoft Holding, Inc. (LXFT) Issues FY18 Earnings Guidance” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/luxoft-holding-inc-lxft-issues-fy18-earnings-guidance/1471795.html.

Luxoft Holding 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.

Receive News & Ratings for Luxoft Holding Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxoft Holding Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.