Equities research analysts predict that Infosys Ltd (NYSE:INFY) will announce $2.77 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Infosys’ earnings. The highest sales estimate is $2.80 billion and the lowest is $2.70 billion. Infosys posted sales of $2.57 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.8%. The business is expected to report its next quarterly earnings results on Thursday, April 12th.
On average, analysts expect that Infosys will report full year sales of $2.77 billion for the current fiscal year, with estimates ranging from $10.83 billion to $10.99 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $11.70 billion per share, with estimates ranging from $11.52 billion to $12.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Infosys.
Infosys (NYSE:INFY) last issued its quarterly earnings results on Friday, January 12th. The technology company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.74 billion. Infosys had a net margin of 22.97% and a return on equity of 21.31%. During the same quarter in the previous year, the firm earned $0.24 EPS.
Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Infosys from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $14.00 target price on shares of Infosys in a research note on Sunday, January 7th. Zacks Investment Research raised shares of Infosys from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, December 26th. UBS Group raised shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. Finally, Goldman Sachs Group raised shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Infosys currently has a consensus rating of “Hold” and a consensus target price of $15.77.
Shares of Infosys (NYSE:INFY) opened at $17.59 on Tuesday. The company has a market cap of $38,225.59, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.94 and a beta of 0.58. Infosys has a 1-year low of $13.88 and a 1-year high of $18.71.
Hedge funds have recently made changes to their positions in the company. Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new position in shares of Infosys during the 3rd quarter valued at about $293,000. Yacktman Asset Management LP boosted its position in shares of Infosys by 56.8% during the 3rd quarter. Yacktman Asset Management LP now owns 6,031,017 shares of the technology company’s stock valued at $87,993,000 after acquiring an additional 2,184,646 shares during the last quarter. Oldfield Partners LLP boosted its position in shares of Infosys by 5.6% during the 3rd quarter. Oldfield Partners LLP now owns 3,107,302 shares of the technology company’s stock valued at $45,336,000 after acquiring an additional 165,800 shares during the last quarter. Forward Management LLC boosted its position in shares of Infosys by 49.9% during the 3rd quarter. Forward Management LLC now owns 311,381 shares of the technology company’s stock valued at $4,544,000 after acquiring an additional 103,658 shares during the last quarter. Finally, Maple Brown Abbott Ltd boosted its position in shares of Infosys by 71.2% during the 4th quarter. Maple Brown Abbott Ltd now owns 4,103,548 shares of the technology company’s stock valued at $66,560,000 after acquiring an additional 1,706,482 shares during the last quarter. 20.03% of the stock is currently owned by hedge funds and other institutional investors.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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