Wipro (WIT) Scheduled to Post Quarterly Earnings on Thursday

Wipro (NYSE:WIT) will be announcing its earnings results before the market opens on Thursday, October 17th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Wipro (NYSE:WIT) last announced its quarterly earnings results on Friday, July 19th. The information technology services provider reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Wipro had a net margin of 12.57% and a return on equity of 15.01%. During the same period last year, the firm posted $0.06 earnings per share. On average, analysts expect Wipro to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Wipro Trading Up 3.6 %

Shares of NYSE WIT opened at $6.60 on Tuesday. Wipro has a twelve month low of $4.48 and a twelve month high of $7.01. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $6.28 and its 200-day moving average is $5.92. The stock has a market cap of $34.48 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 4.32 and a beta of 0.90.

Analysts Set New Price Targets

WIT has been the topic of a number of research analyst reports. Investec lowered shares of Wipro from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. StockNews.com upgraded shares of Wipro from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Nomura started coverage on shares of Wipro in a research note on Tuesday, July 2nd. They issued a “buy” rating on the stock. Finally, Nomura Securities upgraded shares of Wipro to a “strong-buy” rating in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wipro presently has an average rating of “Hold” and an average target price of $5.60.

Wipro Company Profile

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.