Infosys (NYSE:INFY) Issues Quarterly Earnings Results

Infosys (NYSE:INFY) announced its quarterly earnings results on Thursday. The technology company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18, RTT News reports. Infosys had a net margin of 17.06% and a return on equity of 32.33%. During the same period last year, the firm posted $0.17 EPS. Infosys updated its FY 2025 guidance to EPS.

Infosys Price Performance

NYSE:INFY opened at $21.67 on Friday. Infosys has a one year low of $15.33 and a one year high of $22.61. The company’s 50-day simple moving average is $18.19 and its 200 day simple moving average is $18.55. The firm has a market capitalization of $89.71 billion, a P/E ratio of 28.25, a PEG ratio of 3.80 and a beta of 0.98.

Infosys Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 31st were paid a $0.2035 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a dividend yield of 1.4%. Infosys’s payout ratio is 38.16%.

Analysts Set New Price Targets

Several analysts recently issued reports on INFY shares. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Friday. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. HSBC reaffirmed a “hold” rating and issued a $20.10 price target on shares of Infosys in a research note on Friday, April 19th. BMO Capital Markets reduced their price objective on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, April 19th. Finally, Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.27.

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 digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.