$239.11 Million in Sales Expected for Luxoft Holding Inc (LXFT) This Quarter

Equities research analysts forecast that Luxoft Holding Inc (NYSE:LXFT) will announce $239.11 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Luxoft’s earnings, with the lowest sales estimate coming in at $232.79 million and the highest estimate coming in at $248.40 million. Luxoft posted sales of $236.61 million during the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The firm is expected to issue its next earnings results on Tuesday, February 12th.

On average, analysts expect that Luxoft will report full year sales of $922.17 million for the current fiscal year, with estimates ranging from $911.17 million to $938.80 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.03 billion, with estimates ranging from $981.02 million to $1.10 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Luxoft.

Luxoft (NYSE:LXFT) last announced its earnings results on Thursday, November 15th. The software maker reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.07. Luxoft had a net margin of 5.64% and a return on equity of 14.00%. The company had revenue of $228.41 million during the quarter, compared to the consensus estimate of $229.42 million.

LXFT has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $46.00 target price on shares of Luxoft in a research note on Monday, September 3rd. VTB Capital raised shares of Luxoft from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Friday, November 16th. ValuEngine raised shares of Luxoft from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Credit Suisse Group set a $48.00 price target on shares of Luxoft and gave the stock a “hold” rating in a research note on Monday, October 15th. Finally, Zacks Investment Research raised shares of Luxoft from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.89.

Shares of NYSE LXFT opened at $33.03 on Monday. Luxoft has a 1-year low of $30.78 and a 1-year high of $59.05. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 15.80 and a beta of 1.57.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Luxoft during the third quarter valued at approximately $214,000. Capital Fund Management S.A. acquired a new position in Luxoft during the second quarter valued at approximately $291,000. NJ State Employees Deferred Compensation Plan acquired a new position in Luxoft during the third quarter valued at approximately $379,000. Jane Street Group LLC acquired a new position in Luxoft during the second quarter valued at approximately $384,000. Finally, Hsbc Holdings PLC acquired a new position in Luxoft during the third quarter valued at approximately $396,000. 56.01% of the stock is owned by institutional investors and hedge funds.

Luxoft Company Profile

Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations. The company offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services.

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Earnings History and Estimates for Luxoft (NYSE:LXFT)

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