Analysts expect that Infosys Ltd (NYSE:INFY) will announce $2.95 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Infosys’ earnings, with estimates ranging from $2.91 billion to $3.00 billion. Infosys posted sales of $2.76 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is scheduled to issue its next quarterly earnings results on Friday, January 11th.

According to Zacks, analysts expect that Infosys will report full year sales of $11.70 billion for the current fiscal year, with estimates ranging from $11.63 billion to $11.81 billion. For the next financial year, analysts forecast that the company will post sales of $12.57 billion, with estimates ranging from $12.45 billion to $12.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Infosys.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Tuesday, October 16th. The technology company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. Infosys had a return on equity of 24.56% and a net margin of 21.94%. During the same period in the previous year, the company posted $0.13 earnings per share.

A number of analysts have recently commented on INFY shares. Morgan Stanley lowered Infosys from an “overweight” rating to a “hold” rating in a report on Monday, August 20th. ValuEngine downgraded Infosys from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Robert W. Baird lifted their target price on Infosys from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, September 14th. Goldman Sachs Group downgraded Infosys from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research report on Wednesday, October 17th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $11.00 target price on shares of Infosys in a research report on Wednesday, October 17th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Infosys presently has an average rating of “Hold” and a consensus target price of $14.63.

Shares of Infosys stock opened at $9.85 on Thursday. The stock has a market capitalization of $42.81 billion, a PE ratio of 19.70, a PEG ratio of 1.89 and a beta of 0.42. Infosys has a one year low of $7.76 and a one year high of $10.65.

Large investors have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC acquired a new position in Infosys during the second quarter worth approximately $465,000. Campbell & CO Investment Adviser LLC acquired a new position in Infosys during the third quarter worth approximately $104,000. Daiwa SB Investments Ltd. increased its position in Infosys by 100.0% during the third quarter. Daiwa SB Investments Ltd. now owns 10,600 shares of the technology company’s stock worth $108,000 after buying an additional 5,300 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Infosys by 70.9% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,277 shares of the technology company’s stock worth $219,000 after buying an additional 4,680 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Infosys during the second quarter worth approximately $222,000. 18.19% of the stock is currently owned by institutional investors and hedge funds.

About Infosys

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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Earnings History and Estimates for Infosys (NYSE:INFY)

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