Brokers Offer Predictions for Lionbridge Technologies Inc.’s Q1 2017 Earnings (LIOX)
Lionbridge Technologies Inc. (NASDAQ:LIOX) – Analysts at Craig Hallum issued their Q1 2017 earnings estimates for Lionbridge Technologies in a research note issued on Tuesday. Craig Hallum analyst G. Sutton forecasts that the firm will post earnings of $0.11 per share for the quarter. Craig Hallum also issued estimates for Lionbridge Technologies’ Q2 2017 earnings at $0.16 EPS, Q3 2017 earnings at $0.14 EPS, Q4 2017 earnings at $0.13 EPS and FY2017 earnings at $0.54 EPS.
A number of other equities research analysts have also recently issued reports on LIOX. B. Riley restated a “buy” rating and set a $6.75 price target on shares of Lionbridge Technologies in a report on Tuesday, August 2nd. Zacks Investment Research cut shares of Lionbridge Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 11th.
Lionbridge Technologies (NASDAQ:LIOX) opened at 4.87 on Friday. 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 12-month low of $3.90 and a 12-month high of $5.57. The company has a market capitalization of $281.82 million, a price-to-earnings ratio of 29.16 and a beta of 1.43.
Lionbridge Technologies (NASDAQ:LIOX) last posted its earnings results on Tuesday, November 8th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $135.20 million for the quarter, compared to the consensus estimate of $137.06 million. Lionbridge Technologies had a net margin of 1.77% and a return on equity of 26.91%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share.
A number of large investors have recently added to or reduced their stakes in the stock. Springbok Capital Management LLC boosted its stake in Lionbridge Technologies by 24.4% in the first quarter. Springbok Capital Management LLC now owns 33,225 shares of the company’s stock worth $168,000 after buying an additional 6,525 shares during the period. Wedge Capital Management L L P NC boosted its stake in Lionbridge Technologies by 12.1% in the second quarter. Wedge Capital Management L L P NC now owns 230,100 shares of the company’s stock valued at $909,000 after buying an additional 24,800 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Lionbridge Technologies during the second quarter valued at $4,315,000. State Board of Administration of Florida Retirement System boosted its stake in Lionbridge Technologies by 9.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 59,540 shares of the company’s stock valued at $235,000 after buying an additional 5,114 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Lionbridge Technologies by 7.4% in the second quarter. Ameriprise Financial Inc. now owns 956,942 shares of the company’s stock valued at $3,780,000 after buying an additional 65,875 shares during the last quarter. Institutional investors own 68.71% of the company’s stock.
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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