Cognizant Technology Solutions (CTSH) Scheduled to Post Quarterly Earnings on Wednesday

Cognizant Technology Solutions (NASDAQ:CTSH) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Cognizant Technology Solutions to post earnings of $1.15 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, July 31st. The information technology service provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. Cognizant Technology Solutions had a return on equity of 17.31% and a net margin of 11.39%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. On average, analysts expect Cognizant Technology Solutions to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $75.82 on Wednesday. The firm has a market capitalization of $37.70 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.46. Cognizant Technology Solutions has a one year low of $62.14 and a one year high of $80.27. The stock’s fifty day moving average is $76.49 and its 200-day moving average is $71.74.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, August 20th. Cognizant Technology Solutions’s payout ratio is currently 28.85%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Cognizant Technology Solutions in a report on Wednesday, August 28th. They set a “buy” rating and a $90.00 target price on the stock. Robert W. Baird lifted their target price on Cognizant Technology Solutions from $75.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $76.00 target price on shares of Cognizant Technology Solutions in a report on Thursday, September 12th. Barclays lifted their target price on Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Bank of America raised Cognizant Technology Solutions from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $73.00 to $75.00 in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cognizant Technology Solutions currently has a consensus rating of “Hold” and an average target price of $77.58.

Insider Activity

In other news, CEO Ravi Kumar Singisetti sold 6,728 shares of Cognizant Technology Solutions stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $73.66, for a total transaction of $495,584.48. Following the completion of the sale, the chief executive officer now directly owns 46,427 shares in the company, valued at $3,419,812.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.