Equities analysts predict that Infosys (NYSE:INFY) will announce earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Infosys’ earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.24. Infosys posted earnings per share of $0.24 in the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The company is scheduled to announce its next quarterly earnings results on Friday, July 13th.
On average, analysts expect that Infosys will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.10. For the next fiscal year, analysts forecast that the company will post earnings of $1.12 per share, with EPS estimates ranging from $1.04 to $1.21. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Infosys.
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Infosys (NYSE:INFY) last announced its quarterly earnings data on Friday, April 13th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. Infosys had a return on equity of 21.93% and a net margin of 22.73%. During the same period in the previous year, the company posted $0.24 EPS.
Several research analysts have weighed in on INFY shares. Zacks Investment Research upgraded Infosys from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday, January 16th. Goldman Sachs upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. ValuEngine upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. UBS upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. Finally, Jefferies Group restated a “buy” rating and issued a $20.30 price target on shares of Infosys in a research note on Sunday, April 15th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.35.
Shares of NYSE:INFY traded down $0.02 during mid-day trading on Friday, reaching $17.66. 4,940,347 shares of the company traded hands, compared to its average volume of 6,651,853. The company has a market cap of $38,616.75, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.85 and a beta of 0.62. Infosys has a 52 week low of $13.88 and a 52 week high of $18.71.
Several institutional investors and hedge funds have recently modified their holdings of INFY. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Infosys during the 1st quarter worth approximately $118,000. Edge Advisors LLC raised its holdings in shares of Infosys by 68.3% during the 4th quarter. Edge Advisors LLC now owns 7,394 shares of the technology company’s stock worth $119,000 after acquiring an additional 3,000 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Infosys during the 1st quarter worth approximately $182,000. NuWave Investment Management LLC purchased a new stake in shares of Infosys during the 1st quarter worth approximately $207,000. Finally, Cullen Capital Management LLC purchased a new stake in shares of Infosys during the 4th quarter worth approximately $228,000. 19.47% of the stock is currently owned by institutional investors and hedge funds.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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