Infosys (NYSE:INFY) Issues Earnings Results


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Infosys (NYSE:INFY) released its quarterly earnings data on Tuesday. The technology company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02, MarketWatch Earnings reports. Infosys had a net margin of 18.85% and a return on equity of 27.14%.

Shares of NYSE INFY opened at $18.43 on Thursday. The company has a market cap of $78.19 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.66 and a beta of 0.84. Infosys has a 12 month low of $6.76 and a 12 month high of $19.07. The stock has a 50-day moving average price of $16.42 and a two-hundred day moving average price of $14.05.

A number of equities research analysts have recently issued reports on INFY shares. Investec cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets boosted their target price on shares of Infosys from $13.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday, October 15th. Zacks Investment Research cut shares of Infosys from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Friday, October 16th. Robert W. Baird cut shares of Infosys from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 15th. Finally, The Goldman Sachs Group started coverage on shares of Infosys in a research report on Monday, December 21st. They issued a “conviction-buy” rating for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $13.34.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.

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Earnings History for Infosys (NYSE:INFY)

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