Infosys Limited (INFY) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Infosys Limited (NYSE:INFY) issued its quarterly earnings results on Tuesday. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01, MarketWatch Earnings reports. Infosys Limited had a net margin of 20.95% and a return on equity of 21.37%. During the same quarter in the previous year, the business posted $0.24 earnings per share.
Infosys Limited (NYSE:INFY) traded down 3.540% on Tuesday, reaching $14.305. 2,599,463 shares of the company traded hands. Infosys Limited has a one year low of $13.42 and a one year high of $16.15. The stock has a market capitalization of $32.70 billion, a PE ratio of 15.074 and a beta of 0.74. The firm has a 50 day moving average of $14.59 and a 200-day moving average of $15.00.
Several equities research analysts have recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $15.50 price target on shares of Infosys Limited in a research report on Friday, August 18th. BidaskClub upgraded shares of Infosys Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Infosys Limited from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, September 6th. Robert W. Baird reissued a “hold” rating and set a $16.00 price objective on shares of Infosys Limited in a research note on Wednesday, October 4th. Finally, J P Morgan Chase & Co lowered shares of Infosys Limited from an “overweight” rating to a “neutral” rating in a research note on Monday, August 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.34.
Infosys Limited Company Profile
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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