Luxoft (NYSE:LXFT) is scheduled to announce its earnings results after the market closes on Monday, February 12th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Luxoft has set its FY18 guidance at at least $2.85 EPS.

Luxoft (NYSE:LXFT) last posted its quarterly earnings results on Thursday, November 16th. The software maker reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. Luxoft had a return on equity of 17.81% and a net margin of 6.72%. The business had revenue of $228.03 million during the quarter, compared to analysts’ expectations of $227.09 million. On average, analysts expect Luxoft to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Luxoft (LXFT) opened at $52.85 on Friday. Luxoft has a 1-year low of $40.15 and a 1-year high of $67.85. The company has a market capitalization of $1,787.63, a PE ratio of 31.65 and a beta of 1.42.

An institutional investor recently raised its position in Luxoft stock. State Street Corp raised its position in shares of Luxoft Holding Inc (NYSE:LXFT) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,008 shares of the software maker’s stock after acquiring an additional 523 shares during the period. State Street Corp owned approximately 0.09% of Luxoft worth $1,218,000 at the end of the most recent quarter. Institutional investors and hedge funds own 52.08% of the company’s stock.

A number of equities analysts recently commented on LXFT shares. Pivotal Research assumed coverage on Luxoft in a report on Tuesday, December 5th. They set a “buy” rating and a $70.00 price target for the company. BidaskClub upgraded Luxoft from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Cantor Fitzgerald restated a “hold” rating and set a $47.00 price objective on shares of Luxoft in a report on Friday, November 17th. KeyCorp restated a “hold” rating on shares of Luxoft in a report on Friday, November 3rd. Finally, Zacks Investment Research cut Luxoft from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $63.00.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/02/09/luxoft-lxft-set-to-announce-earnings-on-monday.html.

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.

Earnings History for Luxoft (NYSE:LXFT)

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