Infosys Ltd (INFY) Expected to Post Earnings of $0.13 Per Share

Equities research analysts predict that Infosys Ltd (NYSE:INFY) will announce earnings per share (EPS) of $0.13 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Infosys’ earnings, with estimates ranging from $0.12 to $0.14. Infosys also posted earnings of $0.13 per share during the same quarter last year. The firm is expected to report its next earnings report on Friday, April 12th.

On average, analysts expect that Infosys will report full year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.50 to $0.54. For the next year, analysts anticipate that the company will report earnings of $0.57 per share, with EPS estimates ranging from $0.55 to $0.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Infosys.

Infosys (NYSE:INFY) last announced its earnings results on Friday, January 11th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Infosys had a return on equity of 24.93% and a net margin of 18.95%.

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised Infosys from an “equal weight” rating to an “overweight” rating in a research report on Monday, January 14th. Susquehanna Bancshares raised Infosys from a “negative” rating to a “neutral” rating and increased their price objective for the company from $7.50 to $11.00 in a research report on Monday, January 14th. Citigroup raised Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, January 4th. Wells Fargo & Co set a $11.00 price objective on Infosys and gave the company a “hold” rating in a research report on Friday, January 11th. Finally, Nomura raised Infosys from a “reduce” rating to a “neutral” rating in a research report on Monday, January 14th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Infosys currently has an average rating of “Hold” and a consensus target price of $12.69.

A number of institutional investors and hedge funds have recently modified their holdings of INFY. New York State Common Retirement Fund lifted its holdings in shares of Infosys by 6.9% during the 4th quarter. New York State Common Retirement Fund now owns 1,121,112 shares of the technology company’s stock valued at $10,673,000 after purchasing an additional 72,495 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Infosys during the 3rd quarter valued at about $656,000. CWM LLC lifted its holdings in shares of Infosys by 60,225.0% during the 4th quarter. CWM LLC now owns 120,650 shares of the technology company’s stock valued at $1,149,000 after purchasing an additional 120,450 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Infosys by 1,119,378.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 34,065,719 shares of the technology company’s stock valued at $346,449,000 after purchasing an additional 34,062,676 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Infosys by 112.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 21,627 shares of the technology company’s stock valued at $219,000 after purchasing an additional 11,448 shares in the last quarter. Hedge funds and other institutional investors own 17.81% of the company’s stock.

Shares of Infosys stock opened at $11.09 on Thursday. The company has a market cap of $47.50 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.13 and a beta of 0.54. Infosys has a 12-month low of $8.24 and a 12-month high of $11.15.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Earnings History and Estimates for Infosys (NYSE:INFY)

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