Infosys Ltd (NYSE:INFY) – Stock analysts at Wedbush issued their Q1 2020 earnings per share (EPS) estimates for Infosys in a report released on Tuesday, November 27th. Wedbush analyst M. Katri expects that the technology company will earn $0.14 per share for the quarter. Wedbush has a “Neutral” rating and a $9.00 price objective on the stock. Wedbush also issued estimates for Infosys’ Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.15 EPS and Q4 2020 earnings at $0.15 EPS.
Infosys (NYSE:INFY) last issued its earnings results on Tuesday, October 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Infosys had a net margin of 21.94% and a return on equity of 24.56%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the business posted $0.13 EPS.
Shares of Infosys stock opened at $9.86 on Friday. Infosys has a 12-month low of $7.49 and a 12-month high of $10.65. The firm has a market capitalization of $42.07 billion, a PE ratio of 19.72, a P/E/G ratio of 1.86 and a beta of 0.42.
Large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new stake in Infosys during the 3rd quarter worth $104,000. Daiwa SB Investments Ltd. boosted its stake in Infosys by 100.0% during the 3rd quarter. Daiwa SB Investments Ltd. now owns 10,600 shares of the technology company’s stock worth $108,000 after purchasing an additional 5,300 shares during the period. Checchi Capital Advisers LLC acquired a new stake in Infosys during the 3rd quarter worth $118,000. Trexquant Investment LP acquired a new stake in Infosys during the 3rd quarter worth $121,000. Finally, FDx Advisors Inc. acquired a new stake in Infosys during the 3rd quarter worth $124,000. Hedge funds and other institutional investors own 15.05% of the company’s stock.
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.
Recommended Story: What is the balance sheet?
Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.