Research Analysts Offer Predictions for Lionbridge Technologies Inc.’s Q1 2018 Earnings (LIOX)
Lionbridge Technologies Inc. (NASDAQ:LIOX) – Stock analysts at B. Riley issued their Q1 2018 earnings estimates for shares of Lionbridge Technologies in a research note issued on Wednesday. B. Riley analyst K. Liu expects that the firm will post earnings of $0.09 per share for the quarter. B. Riley has a “Buy” rating and a $6.00 price objective on the stock. B. Riley also issued estimates for Lionbridge Technologies’ Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.14 EPS and FY2018 earnings at $0.54 EPS.
Separately, Zacks Investment Research downgraded Lionbridge Technologies from a “hold” rating to a “sell” rating in a research note on Friday.
Shares of Lionbridge Technologies (NASDAQ:LIOX) opened at 4.87 on Friday. Lionbridge Technologies has a 12 month low of $3.90 and a 12 month high of $5.57. 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 firm has a 50-day moving average price of $4.81 and a 200 day moving average price of $4.59.
Lionbridge Technologies (NASDAQ:LIOX) last issued its earnings results on Tuesday, November 8th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Lionbridge Technologies had a return on equity of 26.91% and a net margin of 1.77%. The company earned $135.20 million during the quarter, compared to analyst estimates of $137.06 million. During the same period in the prior year, the business earned $0.14 earnings per share. Lionbridge Technologies’s quarterly revenue was down 2.5% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the company. Seizert Capital Partners LLC acquired a new position in shares of Lionbridge Technologies during the third quarter valued at approximately $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 valued at $604,000 after buying an additional 1,100 shares in the last quarter. 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 valued at $4,813,000 after buying an additional 5,705 shares in the last quarter. 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 valued at $328,000 after buying an additional 981 shares in the last quarter. 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 valued at $579,000 after buying an additional 18,069 shares in the last quarter. 68.71% of the stock is currently owned by institutional investors.
About Lionbridge Technologies
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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