Analysts expect that Luxoft Holding Inc (NYSE:LXFT) will announce sales of $238.04 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Luxoft’s earnings. The highest sales estimate is $240.20 million and the lowest is $237.07 million. Luxoft posted sales of $232.88 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The business is expected to announce its next quarterly earnings report on Thursday, May 23rd.

On average, analysts expect that Luxoft will report full year sales of $914.42 million for the current financial year, with estimates ranging from $909.20 million to $923.60 million. For the next financial year, analysts anticipate that the firm will post sales of $1.00 billion, with estimates ranging from $975.90 million to $1.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Luxoft.

Luxoft (NYSE:LXFT) last announced its quarterly earnings results on Wednesday, February 13th. The software maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. The business had revenue of $230.36 million for the quarter, compared to the consensus estimate of $233.85 million. Luxoft had a net margin of 4.60% and a return on equity of 12.33%. Luxoft’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS.

LXFT has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Luxoft from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. VTB Capital downgraded shares of Luxoft from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. ValuEngine upgraded shares of Luxoft from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. JPMorgan Chase & Co. downgraded shares of Luxoft from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 15th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $52.00 price target on shares of Luxoft in a research report on Thursday, November 15th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of LXFT. Nan Shan Life Insurance Co. Ltd. bought a new stake in Luxoft during the 3rd quarter worth approximately $39,610,000. Franklin Resources Inc. increased its stake in Luxoft by 140.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,392,572 shares of the software maker’s stock worth $65,938,000 after purchasing an additional 813,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Luxoft during the 3rd quarter worth approximately $30,647,000. Massachusetts Financial Services Co. MA increased its stake in Luxoft by 29.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,533,917 shares of the software maker’s stock worth $77,082,000 after purchasing an additional 578,869 shares in the last quarter. Finally, Norges Bank bought a new stake in Luxoft during the 4th quarter worth approximately $14,840,000. 56.36% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:LXFT opened at $58.62 on Tuesday. The company has a market capitalization of $1.98 billion, a P/E ratio of 28.05 and a beta of 2.43. Luxoft has a fifty-two week low of $29.73 and a fifty-two week high of $58.70.

About Luxoft

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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