Infosys (NYSE:INFY) issued its quarterly earnings results on Tuesday. The technology company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ 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%.
Infosys stock traded down $0.03 during midday trading on Thursday, hitting $18.40. The stock had a trading volume of 40,179 shares, compared to its average volume of 12,397,261. The stock has a market cap of $78.06 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.66 and a beta of 0.84. Infosys has a 12 month low of $6.76 and a 12 month high of $19.07. The business has a fifty day moving average price of $16.42 and a 200 day moving average price of $14.05.
Several equities research analysts have commented on INFY shares. BidaskClub upgraded Infosys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 31st. William Blair reaffirmed a “market perform” rating on shares of Infosys in a research report on Wednesday, October 14th. BMO Capital Markets raised their price objective on Infosys from $13.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday, October 15th. Investec downgraded Infosys from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Robert W. Baird downgraded Infosys from a “neutral” rating to an “underperform” rating in a report on Thursday, October 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.34.
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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