Informatica (INFA) Scheduled to Post Earnings on Wednesday

Informatica (NYSE:INFA) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Informatica has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Informatica (NYSE:INFA) last posted its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The business had revenue of $445.18 million during the quarter, compared to analysts’ expectations of $431.51 million. On average, analysts expect Informatica to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Informatica Trading Down 0.3 %

Shares of INFA opened at $31.39 on Wednesday. The stock has a market capitalization of $9.26 billion, a PE ratio of -68.24, a P/E/G ratio of 7.49 and a beta of 1.08. The company’s fifty day moving average is $34.24 and its 200 day moving average is $28.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66. Informatica has a fifty-two week low of $13.29 and a fifty-two week high of $39.80.

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 5,952 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $33.87, for a total transaction of $201,594.24. Following the transaction, the executive vice president now directly owns 490,902 shares of the company’s stock, valued at $16,626,850.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the sale, the chief executive officer now directly owns 2,537,995 shares in the company, valued at $86,647,149.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 5,952 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $33.87, for a total transaction of $201,594.24. Following the transaction, the executive vice president now owns 490,902 shares in the company, valued at $16,626,850.74. The disclosure for this sale can be found here. Insiders sold 243,600 shares of company stock worth $8,259,201 in the last 90 days. 53.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INFA. Citigroup boosted their price objective on Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. UBS Group boosted their target price on Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price target on shares of Informatica in a research report on Monday, April 15th. Robert W. Baird began coverage on shares of Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.45.

Informatica Company Profile

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.