Luxoft (LXFT) Set to Announce Earnings on Monday
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.
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.
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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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