Wipro Ltd. (NYSE:WIT) is scheduled to be announcing its Q217 earnings results on Friday, October 21st. Analysts expect the company to announce earnings of $0.14 per share and revenue of $2.03 billion for the quarter.

Earnings History for Wipro (NYSE:WIT)

Wipro Ltd. (NYSE:WIT) opened at 9.99 on Wednesday. The company’s 50 day moving average price is $9.88 and its 200-day moving average price is $11.38. Wipro Ltd. has a one year low of $9.63 and a one year high of $13.08. The company has a market cap of $24.54 billion, a P/E ratio of 18.74 and a beta of 1.06.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Wipro by 2.3% in the second quarter. AQR Capital Management LLC now owns 6,509,182 shares of the company’s stock valued at $80,453,000 after buying an additional 146,062 shares in the last quarter. State Street Corp raised its position in Wipro by 12.1% in the second quarter. State Street Corp now owns 2,524,596 shares of the company’s stock valued at $31,204,000 after buying an additional 272,145 shares in the last quarter. BlackRock Fund Advisors raised its position in Wipro by 24.4% in the second quarter. BlackRock Fund Advisors now owns 2,161,966 shares of the company’s stock valued at $26,722,000 after buying an additional 424,554 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Wipro by 48.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,050,912 shares of the company’s stock valued at $12,989,000 after buying an additional 343,078 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its position in Wipro by 23.7% in the second quarter. BlackRock Investment Management LLC now owns 726,882 shares of the company’s stock valued at $8,984,000 after buying an additional 139,426 shares in the last quarter. Institutional investors and hedge funds own 2.37% of the company’s stock.

WIT has been the topic of several recent analyst reports. Zacks Investment Research downgraded Wipro from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. HSBC downgraded Wipro from a “hold” rating to a “reduce” rating in a research note on Tuesday, August 9th. Wedbush initiated coverage on Wipro in a research note on Thursday, September 8th. They set an “underperform” rating and a $8.50 target price on the stock. Finally, TheStreet downgraded Wipro from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.17.

About Wipro

Wipro Limited (Wipro) is a global information technology (IT) services provider. The Company operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services, which include IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, business process services, research and development and hardware and software design to the enterprises worldwide.

5 Day Chart for NYSE:WIT

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