Luxoft Holding, Inc. (LXFT) Issues FY18 Earnings Guidance
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.
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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.
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