$0.13 EPS Expected for Infosys Ltd (INFY) This Quarter

Wall Street analysts forecast that Infosys Ltd (NYSE:INFY) will report earnings per share of $0.13 for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Infosys’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.12. Infosys also posted earnings per share of $0.13 in the same quarter last year. The firm is expected to report its next earnings results on Friday, January 11th.

On average, analysts expect that Infosys will report full year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.55. For the next fiscal year, analysts anticipate that the company will post earnings of $0.56 per share, with EPS estimates ranging from $0.53 to $0.59. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Infosys.

Infosys (NYSE:INFY) last announced its earnings results on Tuesday, October 16th. The technology company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Infosys had a net margin of 21.94% and a return on equity of 24.56%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the firm earned $0.13 earnings per share.

INFY has been the subject of a number of analyst reports. Goldman Sachs Group downgraded shares of Infosys from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Wednesday, October 17th. Robert W. Baird raised their price target on shares of Infosys from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, September 14th. ValuEngine cut shares of Infosys from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Wedbush reduced their price target on shares of Infosys from $18.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, November 27th. Finally, BMO Capital Markets restated a “hold” rating and issued a $11.00 price target on shares of Infosys in a report on Wednesday, October 17th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.63.

Shares of NYSE INFY opened at $9.43 on Thursday. Infosys has a twelve month low of $8.01 and a twelve month high of $10.65. The firm has a market cap of $40.99 billion, a P/E ratio of 18.13, a PEG ratio of 1.82 and a beta of 0.42.

Several hedge funds and other institutional investors have recently modified their holdings of INFY. Commonwealth Equity Services LLC grew its holdings in shares of Infosys by 49.6% during the second quarter. Commonwealth Equity Services LLC now owns 19,942 shares of the technology company’s stock valued at $387,000 after buying an additional 6,610 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Infosys by 70.9% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,277 shares of the technology company’s stock valued at $219,000 after buying an additional 4,680 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Infosys by 161.1% during the second quarter. Private Advisor Group LLC now owns 50,498 shares of the technology company’s stock valued at $982,000 after buying an additional 31,156 shares during the last quarter. Standard Life Aberdeen plc grew its holdings in shares of Infosys by 20.9% during the second quarter. Standard Life Aberdeen plc now owns 1,631,542 shares of the technology company’s stock valued at $31,701,000 after buying an additional 282,058 shares during the last quarter. Finally, Investec Asset Management LTD grew its holdings in shares of Infosys by 21.8% during the second quarter. Investec Asset Management LTD now owns 9,567,367 shares of the technology company’s stock valued at $185,894,000 after buying an additional 1,714,285 shares during the last quarter. Hedge funds and other institutional investors own 18.19% of the company’s stock.

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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