Cognizant Technology Solutions (CTSH) to Release Earnings on Wednesday

Cognizant Technology Solutions (NASDAQ:CTSH) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Cognizant Technology Solutions to post earnings of $1.15 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its earnings results on Wednesday, July 31st. The information technology service provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. Cognizant Technology Solutions had a return on equity of 17.31% and a net margin of 11.39%. Cognizant Technology Solutions’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. On average, analysts expect Cognizant Technology Solutions to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ CTSH opened at $74.98 on Tuesday. The business has a fifty day simple moving average of $76.48 and a 200 day simple moving average of $71.86. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $37.28 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.16 and a beta of 1.05. Cognizant Technology Solutions has a one year low of $62.14 and a one year high of $80.27.

Cognizant Technology Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Cognizant Technology Solutions’s payout ratio is presently 28.85%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Cognizant Technology Solutions from $81.00 to $82.00 and gave the company a “sector perform” rating in a report on Wednesday, August 28th. StockNews.com cut Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Cognizant Technology Solutions in a report on Wednesday, August 28th. Daiwa America raised Cognizant Technology Solutions to a “hold” rating in a report on Tuesday, August 27th. Finally, Bank of America raised Cognizant Technology Solutions from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $73.00 to $75.00 in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $77.58.

Insider Buying and Selling

In related news, CEO Ravi Kumar Singisetti sold 6,728 shares of Cognizant Technology Solutions stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $73.66, for a total value of $495,584.48. Following the completion of the sale, the chief executive officer now directly owns 46,427 shares in the company, valued at $3,419,812.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.