Infosys (NYSE:INFY) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Infosys (NYSE:INFY) posted its quarterly earnings data on Wednesday. The technology company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01, MarketWatch Earnings reports. Infosys had a net margin of 18.35% and a return on equity of 27.03%. During the same quarter last year, the business posted $0.13 earnings per share. Infosys updated its FY 2021
Pre-Market guidance to EPS.

Shares of INFY opened at $15.26 on Friday. Infosys has a one year low of $6.76 and a one year high of $16.62. The company has a 50-day moving average of $13.52 and a two-hundred day moving average of $10.91. The stock has a market cap of $64.72 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 2.50 and a beta of 0.81.

Several research firms have recently weighed in on INFY. Wedbush upgraded shares of Infosys from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $12.00 to $14.00 in a research report on Thursday, July 16th. William Blair restated a “market perform” rating on shares of Infosys in a research report on Wednesday. Robert W. Baird lowered shares of Infosys from a “neutral” rating to an “underperform” rating in a research report on Thursday. BMO Capital Markets raised their price objective on shares of Infosys from $13.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of Infosys from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, October 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Infosys presently has a consensus rating of “Buy” and an average target price of $12.72.

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 for Infosys (NYSE:INFY)

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