Analysts expect Infosys Ltd (NYSE:INFY) to post earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Infosys’ earnings, with estimates ranging from $0.12 to $0.14. Infosys posted earnings per share of $0.14 during the same quarter last year, which indicates a negative year over year growth rate of 7.1%. The firm is scheduled to announce its next quarterly earnings report on Friday, July 12th.

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

Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, April 12th. The technology company reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.04 billion. Infosys had a net margin of 18.62% and a return on equity of 25.41%. During the same quarter in the prior year, the firm earned $0.13 earnings per share.

A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. HSBC downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Credit Suisse Group downgraded shares of Infosys from a “neutral” rating to an “underperform” rating in a research report on Monday, April 15th. Citigroup downgraded shares of Infosys from a “buy” rating to a “neutral” rating in a research report on Monday, April 15th. Finally, Deutsche Bank downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Infosys has a consensus rating of “Hold” and an average target price of $11.36.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INFY. We Are One Seven LLC acquired a new stake in shares of Infosys during the fourth quarter worth about $28,000. Quantamental Technologies LLC purchased a new position in Infosys in the fourth quarter worth approximately $98,000. Handelsbanken Fonder AB purchased a new position in Infosys in the fourth quarter worth approximately $1,078,000. Advisors Asset Management Inc. lifted its stake in Infosys by 25.0% in the fourth quarter. Advisors Asset Management Inc. now owns 215,031 shares of the technology company’s stock worth $2,047,000 after acquiring an additional 43,024 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Infosys by 294.5% in the fourth quarter. SG Americas Securities LLC now owns 746,897 shares of the technology company’s stock worth $7,110,000 after acquiring an additional 557,569 shares during the last quarter. Institutional investors and hedge funds own 17.80% of the company’s stock.

Infosys stock traded down $0.04 during midday trading on Wednesday, reaching $10.80. 7,234,831 shares of the company traded hands, compared to its average volume of 9,915,087. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.04 and a beta of 0.53. Infosys has a 12 month low of $8.85 and a 12 month high of $11.38.

The firm also recently declared a dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, June 14th will be given a $0.14 dividend. The ex-dividend date is Thursday, June 13th. This is an increase from Infosys’s previous dividend of $0.05. Infosys’s dividend payout ratio (DPR) is presently 31.48%.

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.

Read More: Why are percentage gainers important?

Get a free copy of the Zacks research report on Infosys (INFY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.