Infosys (NYSE:INFY) Releases Earnings Results, Hits Expectations

Infosys (NYSE:INFY) posted its quarterly earnings data on Tuesday. The technology company reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17, RTT News reports. Infosys had a return on equity of 27.75% and a net margin of 19.40%. During the same period in the previous year, the firm earned $0.15 earnings per share.

Infosys stock traded down $0.27 during mid-day trading on Thursday, reaching $22.38. The company’s stock had a trading volume of 166,975 shares, compared to its average volume of 7,166,413. Infosys has a twelve month low of $14.05 and a twelve month high of $24.14. The firm has a market cap of $94.93 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 3.34 and a beta of 0.87. The business has a 50 day moving average price of $23.12 and a 200-day moving average price of $20.91.

Several equities analysts have recently commented on INFY shares. BMO Capital Markets upped their price target on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday. Susquehanna reiterated a “neutral” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Infosys in a report on Thursday, July 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Infosys currently has a consensus rating of “Hold” and a consensus target price of $21.13.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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Earnings History for Infosys (NYSE:INFY)

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