Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) will release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Cognizant Technology Solutions to post earnings of $1.12 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last issued its earnings results on Wednesday, May 1st. The information technology service provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.72 billion. Cognizant Technology Solutions had a return on equity of 17.48% and a net margin of 10.84%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 EPS. 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
CTSH stock opened at $74.54 on Tuesday. The stock’s 50 day simple moving average is $68.81 and its 200 day simple moving average is $71.86. Cognizant Technology Solutions has a 12-month low of $62.14 and a 12-month high of $80.09. The firm has a market cap of $37.06 billion, a P/E ratio of 17.92, a P/E/G ratio of 2.23 and a beta of 1.05. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.04.
Cognizant Technology Solutions Dividend Announcement
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. BMO Capital Markets decreased their price target on shares of Cognizant Technology Solutions from $85.00 to $77.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. The Goldman Sachs Group assumed coverage on Cognizant Technology Solutions in a research report on Monday, June 24th. They set a “neutral” rating and a $72.00 price objective for the company. Mizuho reiterated a “neutral” rating and issued a $82.00 target price on shares of Cognizant Technology Solutions in a research report on Tuesday, June 11th. JPMorgan Chase & Co. dropped their price objective on Cognizant Technology Solutions from $81.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, Barclays raised their target price on shares of Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.75.
View Our Latest Research Report on CTSH
About Cognizant Technology Solutions
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.
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