Infosys Limited (INFY) Expected to Post Earnings of $0.23 Per Share

Wall Street brokerages forecast that Infosys Limited (NYSE:INFY) will announce earnings per share of $0.23 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Infosys Limited’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.22. Infosys Limited reported earnings per share of $0.22 during the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The company is scheduled to report its next earnings report before the market opens on Friday, July 14th.

On average, analysts expect that Infosys Limited will report full-year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.91 to $1.01. For the next financial year, analysts expect that the firm will report earnings of $1.04 per share, with EPS estimates ranging from $0.98 to $1.13. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Infosys Limited.

Infosys Limited (NYSE:INFY) last released its quarterly earnings results on Thursday, April 13th. The technology company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Infosys Limited had a net margin of 20.96% and a return on equity of 21.90%. The firm had revenue of $171.20 billion during the quarter, compared to the consensus estimate of $172.14 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. Infosys Limited’s revenue for the quarter was up 3.8% on a year-over-year basis.

Several equities analysts recently issued reports on INFY shares. Zacks Investment Research upgraded Infosys Limited from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, March 20th. BMO Capital Markets restated a “hold” rating and set a $15.00 price objective on shares of Infosys Limited in a research note on Thursday, March 23rd. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Infosys Limited in a research note on Friday, June 9th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Infosys Limited in a research note on Tuesday, April 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $15.50 price objective on shares of Infosys Limited in a research note on Tuesday, April 18th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.47.

Infosys Limited (NYSE INFY) traded down 1.40% during mid-day trading on Monday, reaching $14.77. 6,902,624 shares of the company traded hands. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $18.99. The firm’s 50-day moving average is $15.09 and its 200 day moving average is $14.92. The stock has a market capitalization of $33.76 billion, a PE ratio of 15.78 and a beta of 0.80.

The business also recently disclosed a dividend, which was paid on Friday, June 2nd. Investors of record on Friday, June 2nd were paid a dividend of $0.21 per share. This is a boost from Infosys Limited’s previous dividend of $0.17. The ex-dividend date was Wednesday, May 31st. Infosys Limited’s payout ratio is currently 37.23%.

Large investors have recently modified their holdings of the stock. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of Infosys Limited during the first quarter worth $100,000. PNC Financial Services Group Inc. boosted its stake in shares of Infosys Limited by 82.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock worth $120,000 after buying an additional 3,400 shares in the last quarter. CT Financial Advisors LLC bought a new stake in shares of Infosys Limited during the first quarter worth $144,000. Greenleaf Trust bought a new stake in shares of Infosys Limited during the first quarter worth $168,000. Finally, Sigma Planning Corp bought a new stake in shares of Infosys Limited during the first quarter worth $188,000. Institutional investors and hedge funds own 20.67% of the company’s stock.

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About Infosys Limited

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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