Cognizant Technology Solutions (CTSH) Set to Announce Earnings on Wednesday

Cognizant Technology Solutions (NASDAQ:CTSH) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Cognizant Technology Solutions to post earnings of $1.11 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Tuesday, February 6th. The information technology service provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.14. Cognizant Technology Solutions had a net margin of 10.98% and a return on equity of 17.83%. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. 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 Price Performance

NASDAQ CTSH opened at $66.53 on Tuesday. The firm’s fifty day simple moving average is $73.31 and its two-hundred day simple moving average is $72.56. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.05. Cognizant Technology Solutions has a 12-month low of $58.47 and a 12-month high of $80.09. The firm has a market capitalization of $33.12 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.53 and a beta of 1.06.

Cognizant Technology Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were issued a $0.30 dividend. This is a positive change from Cognizant Technology Solutions’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, February 16th. Cognizant Technology Solutions’s payout ratio is currently 28.57%.

Analysts Set New Price Targets

CTSH has been the topic of several analyst reports. Mizuho initiated coverage on shares of Cognizant Technology Solutions in a report on Tuesday, January 30th. They issued a “neutral” rating and a $82.00 price target on the stock. Wolfe Research raised shares of Cognizant Technology Solutions from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Barclays dropped their price objective on shares of Cognizant Technology Solutions from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday. Guggenheim started coverage on shares of Cognizant Technology Solutions in a report on Tuesday, March 19th. They set a “neutral” rating and a $80.00 price objective on the stock. Finally, Societe Generale reissued a “sell” rating and set a $67.00 price objective on shares of Cognizant Technology Solutions in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $76.13.

Insiders Place Their Bets

In other Cognizant Technology Solutions news, EVP Kathryn Diaz sold 900 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $77.06, for a total value of $69,354.00. Following the completion of the transaction, the executive vice president now owns 8,312 shares in the company, valued at $640,522.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

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.