Wall Street analysts predict that Infosys Ltd (NYSE:INFY) will post earnings of $0.14 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Infosys’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.14. Infosys also posted earnings of $0.14 per share during the same quarter last year. The business is expected to report its next quarterly earnings results on Friday, January 10th.

According to Zacks, analysts expect that Infosys will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.53 to $0.56. For the next fiscal year, analysts anticipate that the company will report earnings of $0.60 per share, with EPS estimates ranging from $0.57 to $0.61. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Infosys.

Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, October 11th. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Infosys had a net margin of 17.74% and a return on equity of 25.70%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.20 billion.

A number of research firms recently weighed in on INFY. BMO Capital Markets set a $13.00 price target on shares of Infosys and gave the company a “hold” rating in a research report on Monday, July 15th. Robert W. Baird set a $10.00 price target on shares of Infosys and gave the company a “hold” rating in a research report on Monday, October 21st. ValuEngine lowered shares of Infosys from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Infosys in a research report on Monday, October 21st. Finally, Citigroup lowered shares of Infosys to a “hold” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.95.

Hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc raised its position in Infosys by 85.7% in the second quarter. NEXT Financial Group Inc now owns 2,492 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,150 shares during the period. Huntington National Bank raised its position in shares of Infosys by 60.3% in the second quarter. Huntington National Bank now owns 3,957 shares of the technology company’s stock valued at $42,000 after purchasing an additional 1,489 shares during the period. Pacer Advisors Inc. bought a new stake in shares of Infosys in the second quarter valued at approximately $47,000. Bartlett & Co. LLC bought a new stake in shares of Infosys in the third quarter valued at approximately $60,000. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of Infosys in the second quarter valued at approximately $62,000. 18.13% of the stock is currently owned by institutional investors and hedge funds.

INFY opened at $9.79 on Tuesday. The company’s 50-day moving average is $10.35 and its 200 day moving average is $10.78. Infosys has a fifty-two week low of $8.76 and a fifty-two week high of $12.08. The firm has a market capitalization of $41.21 billion, a P/E ratio of 18.13, a PEG ratio of 1.88 and a beta of 0.45.

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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