Analysts Offer Predictions for Infosys’ FY2020 Earnings (INFY)

Infosys (NYSE:INFY) – Cantor Fitzgerald issued their FY2020 EPS estimates for shares of Infosys in a research note issued to investors on Sunday, April 15th. Cantor Fitzgerald analyst J. Foresi expects that the technology company will post earnings per share of $1.09 for the year. Cantor Fitzgerald currently has a “Hold” rating and a $16.00 price target on the stock.

How to Become a New Pot Stock Millionaire

Other equities analysts have also recently issued reports about the company. William Blair restated an “underperform” rating on shares of Infosys in a report on Friday. UBS cut Infosys to a “neutral” rating in a report on Monday, February 5th. Jefferies Group restated a “buy” rating and set a $20.30 target price on shares of Infosys in a report on Sunday. ValuEngine upgraded Infosys from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research cut Infosys from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.35.

Shares of Infosys stock opened at $16.99 on Tuesday. Infosys has a 12 month low of $13.88 and a 12 month high of $18.71. The stock has a market cap of $36,117.64, a P/E ratio of 16.82, a PEG ratio of 1.73 and a beta of 0.57.

Infosys (NYSE:INFY) last announced its earnings results on Friday, April 13th. The technology company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Infosys had a return on equity of 21.69% and a net margin of 22.73%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the business posted $0.24 EPS.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in Infosys by 3.5% in the 4th quarter. BlackRock Inc. now owns 11,826,350 shares of the technology company’s stock valued at $191,823,000 after purchasing an additional 399,254 shares in the last quarter. Bank of New York Mellon Corp raised its position in Infosys by 358.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,679,711 shares of the technology company’s stock valued at $75,905,000 after purchasing an additional 3,658,003 shares in the last quarter. Maple Brown Abbott Ltd raised its position in Infosys by 71.2% in the 4th quarter. Maple Brown Abbott Ltd now owns 4,103,548 shares of the technology company’s stock valued at $66,560,000 after purchasing an additional 1,706,482 shares in the last quarter. Aperio Group LLC raised its position in Infosys by 27.6% in the 4th quarter. Aperio Group LLC now owns 1,104,950 shares of the technology company’s stock valued at $17,922,000 after purchasing an additional 239,285 shares in the last quarter. Finally, First Allied Advisory Services Inc. acquired a new stake in Infosys in the 4th quarter valued at about $388,000. 19.51% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/04/17/analysts-offer-predictions-for-infosys-fy2020-earnings-infy.html.

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.

Earnings History and Estimates 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.

Leave a Reply