Infosys Ltd. (INFY) to Release Earnings on Friday
Infosys Ltd. (NYSE:INFY) will issue its Q217 quarterly earnings data on Friday, October 14th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $2.60 billion for the quarter.
Infosys (NYSE:INFY) last released its quarterly earnings data on Friday, July 15th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Infosys had a net margin of 21.41% and a return on equity of 23.24%. The firm had revenue of $2.50 billion for the quarter. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, analysts expect Infosys to post $0.95 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.
Shares of Infosys Ltd. (NYSE:INFY) opened at 15.93 on Thursday. The company’s 50 day moving average price is $16.01 and its 200 day moving average price is $17.53. The firm has a market cap of $36.41 billion, a P/E ratio of 17.51 and a beta of 1.07. Infosys Ltd. has a 12-month low of $15.48 and a 12-month high of $20.47.
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Several large investors have recently bought and sold shares of the stock. BlackRock Investment Management LLC boosted its stake in Infosys by 5.2% in the second quarter. BlackRock Investment Management LLC now owns 918,048 shares of the company’s stock worth $16,387,000 after buying an additional 45,006 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Infosys by 4.7% in the second quarter. BlackRock Fund Advisors now owns 1,445,014 shares of the company’s stock worth $25,793,000 after buying an additional 65,002 shares during the last quarter. US Bancorp DE boosted its stake in Infosys by 14.0% in the second quarter. US Bancorp DE now owns 18,122 shares of the company’s stock worth $323,000 after buying an additional 2,222 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in Infosys by 5.0% in the second quarter. Wetherby Asset Management Inc. now owns 32,901 shares of the company’s stock worth $587,000 after buying an additional 1,572 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Infosys during the second quarter worth approximately $1,532,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.
A number of equities analysts recently issued reports on INFY shares. Wells Fargo & Co. reissued a “hold” rating on shares of Infosys in a research note on Tuesday, August 16th. Zacks Investment Research downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Cantor Fitzgerald reissued a “hold” rating and issued a $17.00 price target on shares of Infosys in a research note on Monday, July 18th. Pacific Crest reissued a “hold” rating on shares of Infosys in a research note on Monday. Finally, Wedbush started coverage on shares of Infosys in a research note on Thursday, September 8th. They issued a “neutral” rating and a $18.00 price target for the company. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.97.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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