Infosys (NYSE:INFY) Issues Earnings Results, Beats Estimates By $0.02 EPS

Infosys (NYSE:INFY) released its earnings results on Tuesday. The technology company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate 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 on Thursday, reaching $18.22. 13,284,889 shares of the stock were exchanged, compared to its average volume of 12,495,966. The stock’s fifty day moving average is $16.42 and its 200 day moving average is $14.05. The firm has a market cap 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. Infosys has a 1 year low of $6.76 and a 1 year high of $19.07.

A number of research analysts recently commented on the company. Investec cut Infosys from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group initiated coverage on shares of Infosys in a research report on Monday, December 21st. They set a “conviction-buy” rating for the company. BMO Capital Markets upped their price target on shares of Infosys from $13.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday, October 15th. Robert W. Baird lowered shares of Infosys from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 15th. Finally, Zacks Investment Research lowered shares of Infosys from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Friday, October 16th. One investment 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 stock. The company currently has a consensus rating of “Buy” and an average price target 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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