Cognizant Technology Solutions (CTSH) Scheduled to Post Earnings on Wednesday

Cognizant Technology Solutions (NASDAQ:CTSH) 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) 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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Monday, May 20th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. Cognizant Technology Solutions’s dividend payout ratio (DPR) is 28.85%.

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.

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.