$4.41 Billion in Sales Expected for Infosys Limited (NYSE:INFY) This Quarter

Wall Street brokerages expect Infosys Limited (NYSE:INFY – Get Rating) to post sales of $4.41 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Infosys’ earnings, with estimates ranging from $4.29 billion to $4.53 billion. Infosys posted sales of $3.78 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Infosys will report full-year sales of $18.66 billion for the current financial year, with estimates ranging from $18.14 billion to $19.07 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $20.60 billion, with estimates ranging from $19.84 billion to $21.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Infosys.

Infosys (NYSE:INFY – Get Rating) last released its quarterly earnings data on Wednesday, April 13th. The technology company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. Infosys had a net margin of 18.17% and a return on equity of 30.72%. During the same quarter in the prior year, the firm earned $0.16 EPS.

Several equities research analysts recently issued reports on INFY shares. Stifel Nicolaus decreased their price target on Infosys to $23.00 in a report on Wednesday, April 13th. Susquehanna Bancshares raised Infosys from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $22.00 to $29.00 in a research report on Monday, January 10th. Susquehanna raised Infosys from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $22.00 to $29.00 in a research report on Monday, January 10th. Macquarie started coverage on Infosys in a research report on Monday, April 11th. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets cut their price objective on Infosys from $28.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, April 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $26.75.

Shares of Infosys stock opened at $20.22 on Wednesday. The stock has a fifty day simple moving average of $22.85 and a 200 day simple moving average of $23.27. Infosys has a 12-month low of $17.81 and a 12-month high of $26.39. The company has a market capitalization of $84.75 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03.

Hedge funds and other institutional investors have recently modified their holdings of the company. JFS Wealth Advisors LLC purchased a new position in shares of Infosys during the 4th quarter valued at $27,000. Bellevue Group AG purchased a new stake in Infosys during the 4th quarter worth about $29,000. Spire Wealth Management lifted its holdings in Infosys by 304.2% during the 4th quarter. Spire Wealth Management now owns 1,831 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,378 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Infosys during the 4th quarter worth about $49,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Infosys during the 4th quarter worth about $52,000. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Company Profile (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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