iGATE (IGTE) Scheduled to Post Quarterly Earnings on Wednesday
iGATE (NASDAQ:IGTE) will be issuing its Q214 quarterly earnings data on Wednesday, July 16th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $306.41 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Shares of iGATE (NASDAQ:IGTE) opened at 39.39 on Tuesday. iGATE has a 52-week low of $17.61 and a 52-week high of $41.41. The stock’s 50-day moving average is $35.56 and its 200-day moving average is $35.12. The company has a market cap of $2.316 billion and a price-to-earnings ratio of 33.66.
Several analysts have recently commented on the stock. Analysts at William Blair initiated coverage on shares of iGATE in a research note on Thursday, July 10th. They set an “outperform” rating on the stock. On the ratings front, analysts at Noble Financial upgraded shares of iGATE from a “hold” rating to a “buy” rating in a research note on Monday, July 7th. They noted that the move was a valuation call. Finally, analysts at Jefferies Group upgraded shares of iGATE from a “hold” rating to a “buy” rating in a research note on Tuesday, July 1st. They now have a $43.00 price target on the stock, up previously from $38.00. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $36.92.
iGATE Corporation (NASDAQ:IGTE) is an outsourcing provider of integrated end-to-end offshore centric information technology (IT) and IT-enabled operations solutions and services.
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