Analysts predict that Infosys Limited (NYSE:INFY) will report $0.24 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Infosys’ earnings, with estimates ranging from $0.23 to $0.26. Infosys also posted earnings of $0.24 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Friday, January 12th.

According to Zacks, analysts expect that Infosys will report full year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.94 to $1.00. For the next financial year, analysts expect that the firm will post earnings of $1.02 per share, with EPS estimates ranging from $0.98 to $1.08. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Infosys.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.78 billion. Infosys had a net margin of 21.04% and a return on equity of 21.05%. During the same quarter in the prior year, the firm earned $0.24 EPS.

INFY has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Infosys from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub lowered shares of Infosys from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. J P Morgan Chase & Co lowered shares of Infosys from an “overweight” rating to a “neutral” rating in a research note on Monday, August 21st. Deutsche Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, August 28th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Infosys in a research note on Sunday, September 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Infosys has a consensus rating of “Hold” and an average price target of $15.34.

Shares of Infosys (INFY) opened at $15.91 on Wednesday. Infosys has a 12-month low of $13.42 and a 12-month high of $16.15. The firm has a market cap of $35,839.45, a price-to-earnings ratio of 16.17, a PEG ratio of 1.70 and a beta of 0.69.

A number of hedge funds have recently made changes to their positions in INFY. Shell Asset Management Co. purchased a new position in shares of Infosys in the second quarter worth about $230,000. Pictet Asset Management Ltd. increased its stake in shares of Infosys by 88.0% in the second quarter. Pictet Asset Management Ltd. now owns 299,179 shares of the technology company’s stock worth $4,518,000 after purchasing an additional 140,056 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Infosys by 178.3% in the second quarter. Canada Pension Plan Investment Board now owns 374,010 shares of the technology company’s stock worth $5,618,000 after purchasing an additional 239,610 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Infosys by 67.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 514,415 shares of the technology company’s stock worth $7,694,000 after purchasing an additional 207,841 shares in the last quarter. Finally, Rational Advisors LLC purchased a new position in shares of Infosys in the second quarter worth about $183,000. 18.95% of the stock is currently owned by institutional investors and hedge funds.

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Infosys 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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