Analysts expect that Infosys Ltd (NYSE:INFY) will report earnings per share (EPS) of $0.25 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Infosys’ earnings, with estimates ranging from $0.24 to $0.25. Infosys reported earnings per share of $0.24 in the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings results on Friday, January 12th.

On average, analysts expect that Infosys will report full year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.09. For the next fiscal year, analysts anticipate that the business will report earnings of $1.04 per share, with EPS estimates ranging from $1.00 to $1.10. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Infosys.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, January 12th. The technology company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.74 billion. Infosys had a net margin of 22.97% and a return on equity of 20.70%. During the same quarter in the prior year, the company posted $0.24 earnings per share.

Several equities research analysts recently weighed in on INFY shares. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub cut shares of Infosys from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Cantor Fitzgerald reiterated a “hold” rating and issued a $14.00 price target on shares of Infosys in a research report on Sunday, January 7th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Infosys in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.34.

Shares of Infosys (NYSE INFY) opened at $16.81 on Tuesday. The firm has a market cap of $36,800.00, a PE ratio of 16.81, a P/E/G ratio of 1.89 and a beta of 0.73. Infosys has a 1-year low of $13.42 and a 1-year high of $17.37.

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in Infosys by 198.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock worth $120,000 after buying an additional 5,295 shares during the period. Foster & Motley Inc. acquired a new stake in Infosys during the 3rd quarter worth about $166,000. Northwestern Mutual Wealth Management Co. raised its holdings in Infosys by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock worth $201,000 after buying an additional 605 shares during the period. High Pointe Capital Management LLC acquired a new stake in Infosys during the 3rd quarter worth about $203,000. Finally, Equity Investment Corp raised its holdings in Infosys by 50.2% during the 3rd quarter. Equity Investment Corp now owns 15,100 shares of the technology company’s stock worth $220,000 after buying an additional 5,050 shares during the period. Hedge funds and other institutional investors own 18.85% of the company’s stock.

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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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Earnings History and Estimates for Infosys (NYSE:INFY)

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