Wall Street brokerages expect Infosys Ltd (NYSE:INFY) to post $0.13 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Infosys’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.14. Infosys posted earnings per share of $0.14 in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.1%. The company is scheduled to announce its next earnings results on Friday, July 12th.

On average, analysts expect that Infosys will report full-year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.53 to $0.58. For the next fiscal year, analysts anticipate that the company will post earnings of $0.60 per share, with EPS estimates ranging from $0.56 to $0.63. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Infosys.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Friday, April 12th. The technology company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Infosys had a return on equity of 25.41% and a net margin of 18.62%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the previous year, the firm posted $0.13 EPS.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Infosys from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Nomura cut Infosys from a “neutral” rating to a “reduce” rating in a research report on Monday, April 15th. Deutsche Bank cut Infosys from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Investec cut Infosys from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Finally, Credit Suisse Group cut Infosys from a “neutral” rating to an “underperform” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. Infosys has an average rating of “Hold” and an average target price of $11.26.

Shares of INFY opened at $10.39 on Monday. Infosys has a 52 week low of $8.62 and a 52 week high of $11.38. The company has a market capitalization of $43.94 billion, a PE ratio of 19.24, a P/E/G ratio of 1.95 and a beta of 0.52.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Next Capital Management LLC purchased a new stake in shares of Infosys in the 1st quarter worth $26,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Infosys in the 1st quarter worth $27,000. Nkcfo LLC purchased a new stake in shares of Infosys in the 4th quarter worth $25,000. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Infosys in the 1st quarter worth $31,000. Finally, We Are One Seven LLC purchased a new stake in shares of Infosys in the 4th quarter worth $28,000. Institutional investors and hedge funds own 17.57% of the company’s stock.

About Infosys

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 and Estimates for Infosys (NYSE:INFY)

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