Infosys (NYSE:INFY) Releases Earnings Results, Beats Expectations By $0.02 EPS


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

Shares of Infosys stock traded down $0.21 during trading hours on Thursday, reaching $18.22. 13,169,565 shares of the company’s stock were exchanged, compared to its average volume of 12,495,966. Infosys has a 52-week low of $6.76 and a 52-week high of $19.07. The firm has a market capitalization of $77.30 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 3.12 and a beta of 0.86. The company has a fifty day moving average of $16.42 and a 200-day moving average of $14.05.

A number of research firms recently weighed in on INFY. Investec cut Infosys from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut Infosys from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Friday, October 16th. Robert W. Baird cut Infosys from a “neutral” rating to an “underperform” rating in a report on Thursday, October 15th. William Blair restated a “market perform” rating on shares of Infosys in a report on Wednesday, October 14th. Finally, The Goldman Sachs Group started coverage on Infosys in a report on Monday, December 21st. They set a “conviction-buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Infosys presently has an average rating of “Buy” and a consensus 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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