$0.14 EPS Expected for Infosys Ltd (INFY) This Quarter

Analysts forecast that Infosys Ltd (NYSE:INFY) will report earnings of $0.14 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Infosys’ earnings, with estimates ranging from $0.13 to $0.15. Infosys posted earnings of $0.13 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The business is scheduled to issue its next earnings report on Friday, April 12th.

On average, analysts expect that Infosys will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.54. For the next fiscal year, analysts forecast that the business will report earnings of $0.57 per share, with EPS estimates ranging from $0.56 to $0.60. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Infosys.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, January 11th. The technology company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Infosys had a net margin of 18.95% and a return on equity of 24.93%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.95 billion.

A number of brokerages have recently issued reports on INFY. Zacks Investment Research downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. Citigroup upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Wedbush cut their price target on shares of Infosys from $18.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, November 27th. Wells Fargo & Co set a $11.00 price target on shares of Infosys and gave the company a “hold” rating in a report on Friday, January 11th. Finally, BMO Capital Markets restated a “hold” rating and issued a $11.00 target price on shares of Infosys in a research note on Wednesday, October 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.75.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC grew its stake in Infosys by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 41,879,875 shares of the technology company’s stock valued at $398,696,000 after acquiring an additional 647,262 shares during the last quarter. Investec Asset Management LTD raised its holdings in Infosys by 23.1% in the fourth quarter. Investec Asset Management LTD now owns 39,628,149 shares of the technology company’s stock valued at $377,260,000 after buying an additional 7,430,134 shares during the period. Comgest Global Investors S.A.S. raised its holdings in Infosys by 34.2% in the third quarter. Comgest Global Investors S.A.S. now owns 35,080,350 shares of the technology company’s stock valued at $356,768,000 after buying an additional 8,938,309 shares during the period. Bank of New York Mellon Corp grew its position in Infosys by 1,119,378.1% in the third quarter. Bank of New York Mellon Corp now owns 34,065,719 shares of the technology company’s stock valued at $346,449,000 after acquiring an additional 34,062,676 shares in the last quarter. Finally, BlackRock Inc. grew its position in Infosys by 166.6% in the third quarter. BlackRock Inc. now owns 29,932,893 shares of the technology company’s stock valued at $304,416,000 after acquiring an additional 18,705,434 shares in the last quarter. 18.09% of the stock is currently owned by institutional investors.

Shares of INFY traded down $0.04 on Monday, hitting $10.82. 5,929,567 shares of the stock traded hands, compared to its average volume of 10,507,405. Infosys has a one year low of $8.24 and a one year high of $10.94. The company has a market capitalization of $47.20 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 2.11 and a beta of 0.57.

The firm also recently declared a dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 25th were given a $0.047 dividend. The ex-dividend date of this dividend was Thursday, January 24th. Infosys’s dividend payout ratio (DPR) is 34.00%.

About Infosys

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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Earnings History and Estimates for Infosys (NYSE:INFY)

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