Wipro (NYSE:WIT) issued its quarterly earnings data on Friday. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06, Morningstar.com reports. Wipro had a net margin of 15.77% and a return on equity of 16.14%.
Shares of Wipro (NYSE:WIT) traded down $0.16 during midday trading on Friday, hitting $5.61. 1,231,126 shares of the stock were exchanged, compared to its average volume of 1,163,300. The firm has a market capitalization of $28,587.38, a PE ratio of 20.40, a P/E/G ratio of 2.77 and a beta of 0.74. Wipro has a 52-week low of $4.50 and a 52-week high of $6.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.53 and a quick ratio of 2.52.
Separately, Zacks Investment Research upgraded shares of Wipro from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Friday, October 20th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. Wipro has an average rating of “Hold” and a consensus target price of $141.50.
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Wipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design.
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