Analysts expect that Cognizant Technology Solutions Corp (NASDAQ:CTSH) will post $0.97 earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have provided estimates for Cognizant Technology Solutions’ earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.95. Cognizant Technology Solutions posted earnings of $0.87 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, February 7th.

On average, analysts expect that Cognizant Technology Solutions will report full-year earnings of $3.71 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.77. For the next fiscal year, analysts forecast that the business will report earnings of $4.36 per share, with EPS estimates ranging from $4.15 to $4.46. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Cognizant Technology Solutions.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.13. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Cognizant Technology Solutions had a return on equity of 18.94% and a net margin of 13.42%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 earnings per share.

A number of equities analysts recently commented on the company. BidaskClub raised Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup raised Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $75.84 to $79.00 in a research note on Thursday. Barclays reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Cognizant Technology Solutions in a research note on Friday, January 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Cognizant Technology Solutions in a research note on Tuesday, December 5th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $81.98.

Cognizant Technology Solutions (NASDAQ:CTSH) opened at $77.29 on Friday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $45,255.25, a P/E ratio of 22.91, a P/E/G ratio of 1.47 and a beta of 1.08. Cognizant Technology Solutions has a 12 month low of $51.52 and a 12 month high of $77.38.

In other Cognizant Technology Solutions news, insider Sumithra Gomatam sold 3,163 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $76.00, for a total value of $240,388.00. Following the transaction, the insider now directly owns 6,346 shares of the company’s stock, valued at $482,296. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Venkat Krishnaswamy sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $75.00, for a total value of $300,000.00. Following the completion of the transaction, the insider now directly owns 3,919 shares in the company, valued at $293,925. The disclosure for this sale can be found here. Over the last three months, insiders sold 889,911 shares of company stock worth $64,936,834. Insiders own 1.08% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $121,000. WFG Advisors LP increased its holdings in shares of Cognizant Technology Solutions by 46.4% during the second quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock valued at $130,000 after acquiring an additional 621 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Cognizant Technology Solutions during the second quarter valued at approximately $137,000. BB&T Investment Services Inc. increased its holdings in shares of Cognizant Technology Solutions by 86.8% during the third quarter. BB&T Investment Services Inc. now owns 2,176 shares of the information technology service provider’s stock valued at $141,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Cognizant Technology Solutions during the third quarter valued at approximately $167,000. Hedge funds and other institutional investors own 86.04% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2018/01/20/analysts-anticipate-cognizant-technology-solutions-corp-ctsh-to-post-0-97-earnings-per-share.html.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

Get a free copy of the Zacks research report on Cognizant Technology Solutions (CTSH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Cognizant Technology Solutions (NASDAQ:CTSH)

Receive News & Ratings for Cognizant Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognizant Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.