Wipro (WIT) Scheduled to Post Earnings on Friday

Wipro (NYSE:WIT) will post its quarterly earnings results before the market opens on Friday, July 19th. Analysts expect Wipro to post earnings of $0.07 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Wipro (NYSE:WIT) last issued its earnings results on Friday, April 19th. The information technology services provider reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Wipro had a return on equity of 15.60% and a net margin of 12.29%. On average, analysts expect Wipro to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Wipro Stock Performance

Shares of WIT opened at $6.69 on Thursday. The stock’s 50-day moving average is $5.77 and its two-hundred day moving average is $5.77. The stock has a market cap of $34.92 billion, a PE ratio of 26.76, a P/E/G ratio of 4.60 and a beta of 0.90. Wipro has a 12 month low of $4.48 and a 12 month high of $6.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.58 and a quick ratio of 2.57.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WIT. Nomura began coverage on Wipro in a report on Tuesday, July 2nd. They set a “buy” rating for the company. Nomura Securities raised Wipro to a “strong-buy” rating in a report on Tuesday, July 2nd. Finally, StockNews.com raised Wipro from a “hold” rating to a “buy” rating in a report on Friday, May 24th. Three research analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.30.

About Wipro

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.