American Noble Gas (NYSE:INFY) Announces Quarterly Earnings Results

American Noble Gas (NYSE:INFY) issued its earnings results on Wednesday. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01, Zacks reports. American Noble Gas had a net margin of 16.58% and a return on equity of 29.40%.

Here are the key takeaways from American Noble Gas’ conference call:

• Infosys reported a solid Q3 with 0.6% sequential and 1.7% YoY revenue growth (constant currency), $4.8bn of large deals, adjusted operating margin ~21.2%, and free cash flow of $915m.
• The company reiterated confidence in demand and raised FY revenue guidance to 3%–3.5% (constant currency) while keeping operating margin guidance at 20%–22%.
• Infosys emphasized strong AI momentum—launching Topaz Fabric, working with 90% of its top 200 clients, running ~4,600 AI projects and ~500 agents—and outlined six AI-led value pools it expects to capture.
• The company booked a one-time INR 1,289 crore charge from India’s labor code changes and expects an ongoing drag of roughly ~15 basis points on margins annually.
• Infosys is building capacity—onboarding ~18,000 freshers toward a 20,000 target and increasing headcount—which lowers utilization in the short term but is presented as an investment for future demand.

American Noble Gas Price Performance

Shares of NYSE:INFY opened at $17.53 on Wednesday. The business’s 50 day moving average price is $17.74 and its 200-day moving average price is $17.33. American Noble Gas has a 1 year low of $15.81 and a 1 year high of $30.00. The firm has a market capitalization of $72.65 billion, a PE ratio of 22.47, a P/E/G ratio of 2.94 and a beta of 0.98.

Hedge Funds Weigh In On American Noble Gas

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of American Noble Gas by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 3,804 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of American Noble Gas by 79.9% in the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after buying an additional 24,426 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of American Noble Gas in the 1st quarter valued at approximately $239,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on INFY. TD Cowen boosted their target price on shares of American Noble Gas from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Friday, January 9th. BMO Capital Markets lowered their target price on shares of American Noble Gas from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Noble Gas in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, American Noble Gas has an average rating of “Hold” and an average price target of $16.82.

About American Noble Gas

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, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.