Wipro (WIT) Getting Somewhat Favorable Press Coverage, Analysis Finds

News stories about Wipro (NYSE:WIT) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wipro earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the information technology services provider an impact score of 46.2215183707774 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Wipro (NYSE:WIT) traded up $0.03 during trading on Friday, hitting $5.58. 1,272,667 shares of the stock traded hands, compared to its average volume of 1,637,302. The company has a quick ratio of 2.14, a current ratio of 2.16 and a debt-to-equity ratio of 0.06. Wipro has a 1 year low of $4.74 and a 1 year high of $6.40. The company has a market capitalization of $20,410.00, a P/E ratio of 20.67, a PEG ratio of 2.57 and a beta of 0.65.

Wipro (NYSE:WIT) last posted its quarterly earnings results on Friday, January 19th. The information technology services provider reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Wipro had a net margin of 15.46% and a return on equity of 16.09%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. research analysts expect that Wipro will post 0.27 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Thursday, February 1st. Stockholders of record on Thursday, February 1st were paid a dividend of $0.016 per share. This represents a dividend yield of 0.00293040293040293%. The ex-dividend date of this dividend was Wednesday, January 31st. This is an increase from Wipro’s previous dividend of $0.01. Wipro’s payout ratio is currently 11.11%.

Several research firms have recently weighed in on WIT. Zacks Investment Research downgraded shares of Wipro from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Credit Suisse Group downgraded shares of Wipro from a “neutral” rating to a “sell” rating in a research note on Monday, January 22nd. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average price target of $141.50.

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Wipro Company Profile

Wipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design.

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