Analysts Anticipate Infosys Ltd (INFY) to Post $0.13 Earnings Per Share

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Equities research analysts expect Infosys Ltd (NYSE:INFY) to post $0.13 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for Infosys’ earnings, with estimates ranging from $0.12 to $0.14. Infosys posted earnings per share of $0.14 in the same quarter last year, which would indicate a negative year over year growth rate of 7.1%. The business is scheduled to issue its next quarterly earnings report on Friday, July 12th.

On average, analysts expect that Infosys will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.53 to $0.58. For the next financial year, analysts forecast that the company will post earnings of $0.60 per share, with EPS estimates ranging from $0.56 to $0.63. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Infosys.

Infosys (NYSE:INFY) last issued its earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.04 billion. Infosys had a net margin of 18.62% and a return on equity of 25.41%. During the same quarter last year, the business posted $0.13 EPS.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Infosys from a “sell” rating to a “hold” rating in a research note on Thursday. Nomura lowered shares of Infosys from a “neutral” rating to a “reduce” rating in a research note on Monday, April 15th. Deutsche Bank lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Investec lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, Credit Suisse Group lowered shares of Infosys from a “neutral” rating to an “underperform” rating in a research note on Monday, April 15th. Two analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.26.

Shares of NYSE:INFY traded down $0.15 during trading on Monday, reaching $10.11. 12,487,112 shares of the company traded hands, compared to its average volume of 10,053,284. The firm has a market capitalization of $43.94 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.97 and a beta of 0.52. Infosys has a 1-year low of $8.62 and a 1-year high of $11.38.

A number of institutional investors and hedge funds have recently made changes to their positions in INFY. Massachusetts Financial Services Co. MA raised its holdings in Infosys by 1,365.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,227,494 shares of the technology company’s stock worth $135,446,000 after acquiring an additional 13,256,787 shares during the period. Lazard Asset Management LLC raised its holdings in Infosys by 32.0% in the 1st quarter. Lazard Asset Management LLC now owns 37,840,845 shares of the technology company’s stock worth $413,599,000 after acquiring an additional 9,169,543 shares during the period. FIL Ltd raised its holdings in Infosys by 77.4% in the 1st quarter. FIL Ltd now owns 19,335,219 shares of the technology company’s stock worth $211,333,000 after acquiring an additional 8,433,557 shares during the period. Investec Asset Management LTD raised its holdings in Infosys by 23.1% in the 4th quarter. Investec Asset Management LTD now owns 39,628,149 shares of the technology company’s stock worth $377,260,000 after acquiring an additional 7,430,134 shares during the period. Finally, LMR Partners LLP bought a new position in Infosys in the 4th quarter worth $58,342,000. Hedge funds and other institutional investors own 17.66% of the company’s stock.

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.

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Earnings History and Estimates for Infosys (NYSE:INFY)

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