Lionbridge Technologies Inc. (LIOX) Forecasted to Earn FY2016 Earnings of $0.38 Per Share
Lionbridge Technologies Inc. (NASDAQ:LIOX) – Investment analysts at Craig Hallum dropped their FY2016 earnings per share estimates for Lionbridge Technologies in a report issued on Tuesday. Craig Hallum analyst G. Sutton now anticipates that the brokerage will post earnings of $0.38 per share for the year, down from their prior estimate of $0.46. Craig Hallum also issued estimates for Lionbridge Technologies’ Q4 2016 earnings at $0.12 EPS.
Lionbridge Technologies (NASDAQ:LIOX) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.02. Lionbridge Technologies had a return on equity of 26.92% and a net margin of 1.77%. The firm earned $135.20 million during the quarter, compared to the consensus estimate of $137.06 million. During the same quarter in the prior year, the business posted $0.14 EPS. Lionbridge Technologies’s revenue was down 2.5% compared to the same quarter last year.
A number of other analysts also recently issued reports on LIOX. B. Riley reaffirmed a “buy” rating and issued a $6.75 target price on shares of Lionbridge Technologies in a research report on Tuesday, August 2nd. Zacks Investment Research downgraded Lionbridge Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th.
Shares of Lionbridge Technologies (NASDAQ:LIOX) opened at 4.75 on Thursday. The firm has a 50 day moving average price of $4.81 and a 200-day moving average price of $4.59. Lionbridge Technologies has a 12 month low of $3.90 and a 12 month high of $5.57. The company has a market cap of $277.95 million, a P/E ratio of 29.50 and a beta of 1.43.
A number of institutional investors have recently made changes to their positions in LIOX. Seizert Capital Partners LLC acquired a new position in shares of Lionbridge Technologies during the third quarter worth $1,412,000. California State Teachers Retirement System increased its position in shares of Lionbridge Technologies by 0.9% in the third quarter. California State Teachers Retirement System now owns 120,725 shares of the company’s stock worth $604,000 after buying an additional 1,100 shares during the period. Ameriprise Financial Inc. increased its position in shares of Lionbridge Technologies by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 962,647 shares of the company’s stock worth $4,813,000 after buying an additional 5,705 shares during the period. BlackRock Group LTD increased its position in shares of Lionbridge Technologies by 1.5% in the third quarter. BlackRock Group LTD now owns 65,544 shares of the company’s stock worth $328,000 after buying an additional 981 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Lionbridge Technologies by 18.5% in the third quarter. Teachers Advisors LLC now owns 115,856 shares of the company’s stock worth $579,000 after buying an additional 18,069 shares during the period. 68.71% of the stock is currently owned by hedge funds and other institutional investors.
Lionbridge Technologies Company Profile
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.
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