Infosys (NYSE:INFY) Posts Earnings Results, Meets Expectations

Infosys (NYSE:INFY) announced its earnings results on Tuesday. The technology company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17, RTT News reports. Infosys had a net margin of 19.40% and a return on equity of 27.75%. During the same quarter in the previous year, the company posted $0.15 earnings per share.

Shares of INFY traded down $0.06 during trading hours on Thursday, reaching $22.59. The stock had a trading volume of 339,368 shares, compared to its average volume of 7,166,413. Infosys has a 12 month low of $14.05 and a 12 month high of $24.14. The firm has a 50-day simple moving average of $23.12 and a 200 day simple moving average of $20.91. The company has a market capitalization of $95.82 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 3.34 and a beta of 0.87.

Several research analysts have recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday. Susquehanna reaffirmed a “neutral” rating and issued a $22.00 price target (up previously from $21.00) on shares of Infosys in a research note on Thursday, July 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.13.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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Earnings History for Infosys (NYSE:INFY)

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