Infosys (NYSE:INFY) Posts Earnings Results, Meets Expectations

Infosys (NYSE:INFY) announced its quarterly earnings results on Tuesday. The technology company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18, MarketWatch Earnings reports. Infosys had a net margin of 19.04% and a return on equity of 28.70%. During the same quarter in the prior year, the firm posted $0.17 EPS.

NYSE:INFY traded down $0.15 during trading hours on Thursday, hitting $25.60. The company had a trading volume of 20,147,167 shares, compared to its average volume of 10,594,493. The company has a 50-day moving average of $23.74 and a 200 day moving average of $22.99. The company has a market cap of $108.59 billion, a P/E ratio of 38.21, a P/E/G ratio of 3.61 and a beta of 0.89. Infosys has a 1 year low of $16.88 and a 1 year high of $26.39.

A number of research analysts recently weighed in on the stock. Susquehanna Bancshares raised shares of Infosys from a “neutral” rating to a “positive” rating and raised their target price for the company from $22.00 to $29.00 in a report on Monday. BMO Capital Markets boosted their target price on shares of Infosys from $25.00 to $28.00 in a report on Thursday. Wedbush boosted their target price on shares of Infosys from $25.00 to $30.00 in a report on Wednesday. Finally, Susquehanna upgraded shares of Infosys from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $22.00 to $29.00 in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Infosys has a consensus rating of “Hold” and an average price target of $24.97.

About Infosys

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.

Featured Story: What are high-yield dividend stocks?

Earnings History 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.