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

Infosys (NYSE:INFY) issued its earnings results on Tuesday. The technology company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02, MarketWatch Earnings reports. Infosys had a net margin of 18.85% and a return on equity of 27.14%.

Shares of INFY traded down $0.21 on Thursday, hitting $18.22. The company’s stock had a trading volume of 13,169,565 shares, compared to its average volume of 12,495,966. The firm’s fifty day moving average price is $16.49 and its 200-day moving average price is $14.10. Infosys has a fifty-two week low of $6.76 and a fifty-two week high of $19.07. The firm has a market capitalization of $77.30 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 3.12 and a beta of 0.86.

Several brokerages have recently commented on INFY. The Goldman Sachs Group began coverage on shares of Infosys in a research note on Monday, December 21st. They issued a “conviction-buy” rating on the stock. Robert W. Baird cut Infosys from a “neutral” rating to an “underperform” rating in a report on Thursday, October 15th. BMO Capital Markets lifted their price target on Infosys from $13.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, October 15th. William Blair reaffirmed a “market perform” rating on shares of Infosys in a report on Wednesday, October 14th. Finally, Investec cut Infosys from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $13.34.

Infosys Company Profile

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.

Featured Article: What are momentum indicators and what do they show?

Earnings History for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.