Cognizant Technology Solutions (CTSH) to Release Earnings on Wednesday

Cognizant Technology Solutions (NASDAQ:CTSH) will issue its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $1.12 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its earnings results on Wednesday, May 1st. The information technology service provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. Cognizant Technology Solutions had a net margin of 10.84% and a return on equity of 17.48%. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same period in the prior year, the firm posted $1.11 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts expect Cognizant Technology Solutions to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cognizant Technology Solutions Stock Down 0.0 %

CTSH opened at $74.54 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.35 and a current ratio of 2.35. Cognizant Technology Solutions has a fifty-two week low of $62.14 and a fifty-two week high of $80.09. The firm’s fifty day moving average is $68.81 and its 200 day moving average is $71.86. The stock has a market cap of $37.06 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05.

Cognizant Technology Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Monday, May 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, May 17th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.85%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CTSH. Mizuho reaffirmed a “neutral” rating and set a $82.00 price objective on shares of Cognizant Technology Solutions in a report on Tuesday, June 11th. Needham & Company LLC restated a “hold” rating on shares of Cognizant Technology Solutions in a research note on Monday, June 10th. The Goldman Sachs Group assumed coverage on Cognizant Technology Solutions in a research report on Monday, June 24th. They issued a “neutral” rating and a $72.00 price target for the company. Citigroup dropped their target price on Cognizant Technology Solutions from $90.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of Cognizant Technology Solutions in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $75.75.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.