Equities analysts predict that Infosys Ltd (NYSE:INFY) will report $3.07 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Infosys’ earnings. The highest sales estimate is $3.10 billion and the lowest is $3.02 billion. Infosys posted sales of $2.83 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The business is expected to announce its next quarterly earnings report on Friday, July 12th.
On average, analysts expect that Infosys will report full year sales of $12.78 billion for the current fiscal year, with estimates ranging from $12.73 billion to $12.98 billion. For the next year, analysts expect that the company will post sales of $13.82 billion, with estimates ranging from $13.66 billion to $14.34 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Infosys.
Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Infosys had a net margin of 18.62% and a return on equity of 25.41%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the business earned $0.13 EPS.
Several hedge funds have recently made changes to their positions in INFY. Bank of New York Mellon Corp grew its position in shares of Infosys by 1,119,378.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 34,065,719 shares of the technology company’s stock worth $346,449,000 after buying an additional 34,062,676 shares during the period. Standard Life Aberdeen plc grew its position in Infosys by 107.0% in the 3rd quarter. Standard Life Aberdeen plc now owns 3,376,922 shares of the technology company’s stock valued at $34,343,000 after purchasing an additional 1,745,380 shares during the period. LPL Financial LLC grew its position in Infosys by 230.2% in the 3rd quarter. LPL Financial LLC now owns 129,762 shares of the technology company’s stock valued at $1,320,000 after purchasing an additional 90,462 shares during the period. Verition Fund Management LLC acquired a new stake in Infosys in the 3rd quarter valued at $656,000. Finally, Putnam Investments LLC grew its position in Infosys by 444.4% in the 3rd quarter. Putnam Investments LLC now owns 228,112 shares of the technology company’s stock valued at $2,320,000 after purchasing an additional 186,213 shares during the period. 17.81% of the stock is owned by institutional investors.
Infosys stock opened at $10.39 on Monday. Infosys has a 52-week low of $8.45 and a 52-week high of $11.38. The company has a market cap of $45.16 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.99 and a beta of 0.54.
Infosys Company Profile
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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