Wipro (NYSE:WIT) Posts Quarterly Earnings Results


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Wipro (NYSE:WIT) posted its earnings results on Wednesday. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07, MarketWatch Earnings reports. Wipro had a return on equity of 17.14% and a net margin of 15.72%.

WIT opened at $6.56 on Friday. The stock has a market cap of $37.35 billion, a PE ratio of 28.52, a P/E/G ratio of 2.35 and a beta of 0.60. The company has a quick ratio of 2.57, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. Wipro has a 52 week low of $2.79 and a 52 week high of $6.76. The business’s fifty day simple moving average is $6.43 and its 200 day simple moving average is $5.79.

Several equities research analysts have issued reports on WIT shares. Nomura upgraded Wipro from a “reduce” rating to a “neutral” rating in a research report on Friday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Wipro from a “neutral” rating to a “buy” rating in a research report on Friday. Zacks Investment Research downgraded Wipro from a “hold” rating to a “sell” rating in a research report on Saturday, April 3rd. Finally, The Goldman Sachs Group started coverage on shares of Wipro in a report on Monday, December 21st. They issued a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.25.

About Wipro

Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the Information Technology Services and Information Technology Products segments. The Information Technology Services segment provides IT and IT-enabled services which include IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, BPO services, cloud, mobility and analytics services, research and development and hardware and software design.

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Earnings History for Wipro (NYSE:WIT)

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