Infosys (INFY) to Release Quarterly Earnings on Wednesday

Infosys (NYSE:INFY – Get Rating) will be issuing its quarterly earnings data before the market opens on Wednesday, April 13th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Infosys (NYSE:INFY – Get Rating) last issued its earnings results on Tuesday, January 11th. The technology company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. Infosys had a return on equity of 29.75% and a net margin of 18.59%. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business earned $0.17 earnings per share. On average, analysts expect Infosys to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of INFY opened at $23.70 on Monday. Infosys has a 1 year low of $17.24 and a 1 year high of $26.39. The stock has a market cap of $99.33 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 2.96 and a beta of 0.93. The stock’s 50-day moving average price is $23.58 and its two-hundred day moving average price is $23.49.

Several equities analysts have recently weighed in on INFY shares. BMO Capital Markets lifted their price objective on Infosys from $25.00 to $28.00 in a report on Thursday, January 13th. StockNews.com started coverage on Infosys in a report on Thursday, March 31st. They set a “buy” rating on the stock. Susquehanna upgraded Infosys from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $22.00 to $29.00 in a report on Monday, January 10th. Bank of America cut Infosys from a “buy” rating to a “neutral” rating and set a $24.50 price objective on the stock. in a report on Wednesday, February 23rd. Finally, Susquehanna Bancshares upgraded Infosys from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $22.00 to $29.00 in a report on Monday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Infosys presently has an average rating of “Hold” and a consensus price target of $25.36.

A number of institutional investors have recently made changes to their positions in INFY. Flagship Harbor Advisors LLC increased its position in shares of Infosys by 17.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,304 shares of the technology company’s stock worth $286,000 after purchasing an additional 1,663 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Infosys during the 4th quarter worth approximately $375,000. Virtu Financial LLC acquired a new position in shares of Infosys during the 4th quarter worth approximately $454,000. Squarepoint Ops LLC increased its position in shares of Infosys by 99.7% during the 4th quarter. Squarepoint Ops LLC now owns 21,149 shares of the technology company’s stock worth $535,000 after purchasing an additional 10,556 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Infosys by 12.4% during the 4th quarter. Cubist Systematic Strategies LLC now owns 58,140 shares of the technology company’s stock worth $1,472,000 after purchasing an additional 6,419 shares during the last quarter. 15.54% of the stock is currently owned by institutional investors and hedge funds.

About Infosys (Get Rating)

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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