Infosys (NYSE:INFY) Releases Earnings Results, Hits Estimates

Infosys (NYSE:INFY) posted its quarterly earnings data on Wednesday. The technology company reported $0.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.17, RTT News reports. Infosys had a net margin of 19.40% and a return on equity of 27.75%. During the same quarter in the prior year, the business posted $0.15 earnings per share. Infosys updated its FY 2022 guidance to EPS.

NYSE INFY opened at $22.65 on Thursday. The firm has a market capitalization of $96.08 billion, a price-to-earnings ratio of 34.85, a P/E/G ratio of 3.34 and a beta of 0.87. The firm’s 50 day simple moving average is $23.12 and its 200 day simple moving average is $20.91. Infosys has a 1 year low of $14.05 and a 1 year high of $24.14.

Separately, Susquehanna reaffirmed a “neutral” rating and issued a $22.00 target price (up from $21.00) on shares of Infosys in a report on Thursday, July 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.97.

About Infosys

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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Earnings History for Infosys (NYSE:INFY)

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