Infosys (NYSE:INFY) posted its earnings results on Tuesday. The technology company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17, RTT News reports. Infosys had a return on equity of 27.75% and a net margin of 19.40%. During the same quarter in the prior year, the company earned $0.15 EPS.
Shares of INFY traded down $0.39 during trading hours on Thursday, reaching $22.26. 127,861 shares of the stock traded hands, compared to its average volume of 7,166,413. The company has a market cap of $94.42 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 3.34 and a beta of 0.87. Infosys has a 52-week low of $14.05 and a 52-week high of $24.14. The company’s 50-day moving average price is $23.12 and its two-hundred day moving average price is $20.91.
INFY has been the topic of several recent research reports. Susquehanna restated a “neutral” rating and set a $22.00 target price (up previously from $21.00) on shares of Infosys in a research report on Thursday, July 15th. They noted that the move was a valuation call. BMO Capital Markets upped their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys presently has a consensus rating of “Hold” and a consensus price target of $21.13.
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.
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