Cognizant Technology Solutions (CTSH) to Release Quarterly Earnings on Wednesday

Cognizant Technology Solutions (NASDAQ:CTSH) is set to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Cognizant Technology Solutions to post earnings of $1.11 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings results on Tuesday, February 6th. The information technology service provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.04 by $0.14. Cognizant Technology Solutions had a net margin of 10.98% and a return on equity of 17.83%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the prior year, the business posted $1.01 EPS. Cognizant Technology Solutions’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts expect Cognizant Technology Solutions to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cognizant Technology Solutions Trading Down 0.6 %

Shares of NASDAQ:CTSH opened at $67.77 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $33.74 billion, a PE ratio of 16.14, a P/E/G ratio of 1.54 and a beta of 1.06. Cognizant Technology Solutions has a 1 year low of $58.09 and a 1 year high of $80.09. The firm has a fifty day moving average price of $74.13 and a 200 day moving average price of $72.58.

Cognizant Technology Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, February 16th. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.29. Cognizant Technology Solutions’s dividend payout ratio is 28.57%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wedbush increased their price target on Cognizant Technology Solutions from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, December 26th. Wolfe Research upgraded shares of Cognizant Technology Solutions from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Mizuho assumed coverage on shares of Cognizant Technology Solutions in a report on Tuesday, January 30th. They set a “neutral” rating and a $82.00 price target for the company. Barclays lifted their price objective on Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets decreased their target price on Cognizant Technology Solutions from $88.00 to $85.00 and set a “market perform” rating for the company in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Cognizant Technology Solutions has an average rating of “Hold” and an average price target of $76.44.

Insider Buying and Selling

In other Cognizant Technology Solutions news, EVP Kathryn Diaz sold 900 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $77.06, for a total value of $69,354.00. Following the sale, the executive vice president now owns 8,312 shares of the company’s stock, valued at approximately $640,522.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by company insiders.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.