Wall Street analysts forecast that Infosys Ltd (NYSE:INFY) will report sales of $3.05 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Infosys’ earnings. The lowest sales estimate is $3.01 billion and the highest is $3.09 billion. Infosys reported sales of $2.81 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The firm is expected to report its next earnings results on Friday, April 12th.
On average, analysts expect that Infosys will report full-year sales of $11.79 billion for the current fiscal year, with estimates ranging from $11.75 billion to $11.82 billion. For the next financial year, analysts forecast that the firm will post sales of $12.72 billion, with estimates ranging from $12.56 billion to $12.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Infosys.
A number of research analysts have weighed in on INFY shares. Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, January 4th. ValuEngine raised shares of Infosys from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Infosys in a research note on Wednesday, October 17th. Wells Fargo & Co set a $11.00 price objective on shares of Infosys and gave the company a “hold” rating in a research note on Friday, January 11th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Infosys in a research note on Friday, January 11th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.75.
Infosys stock opened at $10.67 on Monday. Infosys has a 1-year low of $8.24 and a 1-year high of $10.69. The firm has a market capitalization of $46.37 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 2.07 and a beta of 0.42.
The company also recently declared a dividend, which will be paid on Friday, January 25th. Investors of record on Friday, January 25th will be given a dividend of $0.047 per share. The ex-dividend date is Thursday, January 24th. Infosys’s payout ratio is currently 34.00%.
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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