Infosys (NYSE:INFY) Announces Quarterly Earnings Results

Infosys (NYSE:INFY) issued its quarterly earnings data on Tuesday. The technology company reported $0.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 period last year, the firm earned $0.15 earnings per share.

Shares of INFY opened at $22.65 on Thursday. The company has a market capitalization of $96.08 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 3.34 and a beta of 0.87. The firm has a 50 day moving average of $23.12 and a 200 day moving average of $20.91. Infosys has a twelve month low of $14.05 and a twelve month high of $24.14.

Separately, Susquehanna restated a “neutral” rating and issued a $22.00 price objective (up from $21.00) on shares of Infosys in a report on Thursday, July 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Infosys presently has an average rating of “Hold” and an average target price of $19.97.

Infosys Company Profile

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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