Luxoft Holding (LXFT) Announces Quarterly Earnings, Misses Expectations By $0.21 EPS

Luxoft Holding (NYSE:LXFT) issued its quarterly earnings data on Tuesday. The company reported $0.00 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.21, Analyst Ratings Network reports.

A number of research firms have recently commented on LXFT. Analysts at JPMorgan Cazenove initiated coverage on shares of Luxoft Holding in a research note to investors on Monday, July 22nd. They set an “outperform” rating on the stock. On the ratings front, analysts at UBS AG initiated coverage on shares of Luxoft Holding in a research note to investors on Monday, July 22nd. They set a “buy” rating and a $26.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Luxoft Holding in a research note to investors on Monday, July 22nd. They set a “neutral” rating on the stock.

One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Luxoft Holding currently has a consensus rating of “Buy” and an average price target of $26.75.

Shares of Luxoft Holding (NYSE:LXFT) traded up 6.02% during mid-day trading on Tuesday, hitting $24.85. Luxoft Holding has a 52 week low of $18.55 and a 52 week high of $24.75. The stock’s 50-day moving average is currently $21.60. The company has a market cap of $811.1 million and a P/E ratio of 18.89.