Infosys (NYSE:INFY) is set to issue its quarterly earnings data before the market opens on Tuesday, October 16th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, July 13th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Infosys had a return on equity of 23.22% and a net margin of 22.30%. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. On average, analysts expect Infosys to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE:INFY opened at $9.74 on Friday. Infosys has a 52-week low of $7.07 and a 52-week high of $10.65. The stock has a market cap of $44.20 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 1.94 and a beta of 0.41.

INFY has been the subject of several recent research reports. Zacks Investment Research lowered Infosys from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. ValuEngine raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Deutsche Bank initiated coverage on Infosys in a report on Thursday, July 12th. They set a “buy” rating for the company. Cowen boosted their price target on Infosys from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Monday, July 16th. Finally, Cantor Fitzgerald boosted their price target on Infosys from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, July 16th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Infosys currently has a consensus rating of “Hold” and a consensus target price of $16.66.

Infosys Company Profile

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.

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Earnings History for Infosys (NYSE:INFY)

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