Equities Analysts Set Expectations for Lionbridge Technologies Inc.’s Q1 2017 Earnings (LIOX)
Lionbridge Technologies Inc. (NASDAQ:LIOX) – Investment analysts at B. Riley dropped their Q1 2017 earnings per share (EPS) estimates for Lionbridge Technologies in a research report issued to clients and investors on Wednesday. B. Riley analyst K. Liu now anticipates that the brokerage will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.08. B. Riley has a “Buy” rating and a $6.00 price target on the stock. B. Riley also issued estimates for Lionbridge Technologies’ Q2 2017 earnings at $0.16 EPS, Q3 2017 earnings at $0.13 EPS, Q4 2017 earnings at $0.13 EPS and FY2017 earnings at $0.47 EPS.
Lionbridge Technologies (NASDAQ:LIOX) last issued its quarterly 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. Lionbridge Technologies had a return on equity of 26.91% and a net margin of 1.77%. The firm had revenue of $135.20 million for the quarter, compared to analysts’ expectations of $137.06 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year.
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 4.90 on Monday. The stock has a market capitalization of $283.55 million, a PE ratio of 29.34 and a beta of 1.43. The company’s 50 day moving average price is $4.81 and its 200 day moving average price is $4.58. Lionbridge Technologies has a 12 month low of $3.90 and a 12 month high of $5.57.
Hedge funds have recently bought and sold shares of the company. Aperio Group LLC boosted its stake 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 during the last quarter. Paloma Partners Management Co bought a new stake in Lionbridge Technologies during the second quarter worth $101,000. Campbell & CO Investment Adviser LLC boosted its stake 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 during the last quarter. First Trust Advisors LP boosted its stake 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 during the last quarter. Finally, 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 last quarter. 67.27% of the stock is 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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