Luxoft (LXFT) Releases FY18 Earnings Guidance
Luxoft (NYSE:LXFT) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.77-2.85 for the period, compared to the Thomson Reuters consensus estimate of $2.92. The company issued revenue guidance of $900-905 million, compared to the consensus revenue estimate of $922.68 million.
Luxoft (LXFT) traded down $0.90 on Tuesday, hitting $53.30. 266,486 shares of the company were exchanged, compared to its average volume of 244,828. Luxoft has a 52 week low of $40.15 and a 52 week high of $67.85. The stock has a market cap of $1,780.89, a PE ratio of 32.46 and a beta of 1.42.
Luxoft (NYSE:LXFT) last released its earnings results on Thursday, November 16th. The software maker reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13. Luxoft had a net margin of 6.72% and a return on equity of 17.81%. The company had revenue of $228.03 million for the quarter, compared to analysts’ expectations of $227.09 million. equities research analysts predict that Luxoft will post 2.18 EPS for the current fiscal year.
An institutional investor recently raised its position in Luxoft stock. Vanguard Group Inc. lifted its holdings in Luxoft Holding Inc (NYSE:LXFT) by 104.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,824 shares of the software maker’s stock after buying an additional 4,000 shares during the period. Vanguard Group Inc.’s holdings in Luxoft were worth $476,000 at the end of the most recent reporting period. Institutional investors own 52.23% of the company’s stock.
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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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