Infosys (NYSE:INFY) released its quarterly earnings results on Wednesday. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01, MarketWatch Earnings reports. Infosys had a net margin of 18.35% and a return on equity of 27.03%. During the same period last year, the company earned $0.13 EPS. Infosys updated its FY 2021
Pre-Market guidance to EPS.
Shares of Infosys stock opened at $16.36 on Thursday. The firm has a 50-day simple moving average of $13.45 and a two-hundred day simple moving average of $10.87. The company has a market cap of $69.39 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81. Infosys has a fifty-two week low of $6.76 and a fifty-two week high of $16.62.
INFY has been the topic of a number of research analyst reports. Goldman Sachs Group raised shares of Infosys from a “buy” rating to a “conviction-buy” rating in a report on Monday, July 6th. ValuEngine lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Wednesday, July 8th. Nomura Instinet raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Thursday, July 16th. Nomura raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Thursday, July 16th. Finally, Wedbush raised shares of Infosys from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $12.00 to $14.00 in a report on Thursday, July 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Infosys currently has a consensus rating of “Buy” and an average price target of $11.50.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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