Lionbridge Technologies Inc. Forecasted to Earn FY2016 Earnings of $0.35 Per Share (LIOX)
Lionbridge Technologies Inc. (NASDAQ:LIOX) – Investment analysts at Barrington Research dropped their FY2016 EPS estimates for Lionbridge Technologies in a research note issued to investors on Wednesday. Barrington Research analyst V. Colicchio now expects that the brokerage will post earnings per share of $0.35 for the year, down from their previous estimate of $0.43.
Several other brokerages have also commented on LIOX. Zacks Investment Research raised Lionbridge Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. B. Riley reaffirmed a “buy” rating and issued a $6.00 price target on shares of Lionbridge Technologies in a research note on Monday, November 7th.
Lionbridge Technologies (NASDAQ:LIOX) opened at 4.87 on Friday. The firm has a market capitalization of $281.82 million, a price-to-earnings ratio of 29.16 and a beta of 1.43. The stock’s 50 day moving average price is $4.81 and its 200-day moving average price is $4.59. Lionbridge Technologies has a one year low of $3.90 and a one year high of $5.57.
Lionbridge Technologies (NASDAQ:LIOX) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $135.20 million for the quarter, compared to analyst estimates of $137.06 million. Lionbridge Technologies had a net margin of 1.77% and a return on equity of 26.91%. Lionbridge Technologies’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share.
A number of institutional investors have recently bought and sold shares of LIOX. Paloma Partners Management Co acquired a new position in Lionbridge Technologies during the second quarter worth approximately $101,000. Aperio Group LLC raised its position in Lionbridge Technologies by 14.2% in the third quarter. Aperio Group LLC now owns 22,867 shares of the company’s stock worth $114,000 after buying an additional 2,851 shares in the last quarter. First Trust Advisors LP raised its position in Lionbridge Technologies by 4.1% in the third quarter. First Trust Advisors LP now owns 30,462 shares of the company’s stock worth $152,000 after buying an additional 1,213 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its position in Lionbridge Technologies by 76.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 30,425 shares of the company’s stock worth $152,000 after buying an additional 13,145 shares in the last quarter. Finally, Spark Investment Management LLC raised its position in Lionbridge Technologies by 5.2% in the second quarter. Spark Investment Management LLC now owns 40,400 shares of the company’s stock worth $159,000 after buying an additional 2,000 shares in the last quarter. 68.71% of the stock is currently owned by 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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