Informatica (INFA) to Release Earnings on Wednesday

Informatica (NYSE:INFA) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Informatica to post earnings of $0.30 per share for the quarter. Informatica has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The business had revenue of $400.63 million during the quarter, compared to analyst estimates of $402.97 million. During the same period last year, the company earned $0.02 earnings per share. Informatica’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts expect Informatica to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Informatica Stock Performance

Shares of NYSE INFA opened at $26.72 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. Informatica has a one year low of $18.71 and a one year high of $39.80. The business’s 50-day moving average price is $25.35 and its two-hundred day moving average price is $27.63. The company has a market capitalization of $7.88 billion, a P/E ratio of -1,336.00, a price-to-earnings-growth ratio of 5.41 and a beta of 1.06.

Wall Street Analysts Forecast Growth

INFA has been the subject of several recent research reports. Robert W. Baird lowered their price target on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Citigroup dropped their price target on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Wells Fargo & Company reduced their price objective on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. UBS Group lowered their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Informatica presently has an average rating of “Moderate Buy” and a consensus price target of $32.18.

Insider Activity at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the sale, the executive vice president now owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares in the company, valued at $3,817,875.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by company insiders.

Informatica Company Profile

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.