Informatica (INFA) to Release Earnings on Wednesday

Informatica (NYSE:INFA - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce 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 that are interested in registering for the company's conference call can do so using this link.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The firm had revenue of $400.63 million for the quarter, compared to analyst estimates of $402.97 million. During the same period in the prior year, the business posted $0.02 EPS. The business's revenue for the quarter 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 Trading Down 1.1 %

Shares of INFA stock traded down $0.29 during trading hours on Wednesday, hitting $26.56. The company had a trading volume of 1,770,239 shares, compared to its average volume of 1,673,391. The stock has a market capitalization of $7.84 billion, a PE ratio of -1,342.50, a price-to-earnings-growth ratio of 5.20 and a beta of 1.06. Informatica has a fifty-two week low of $18.71 and a fifty-two week high of $39.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. The company's fifty day moving average is $25.18 and its 200 day moving average is $27.87.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares of the company's stock, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the firm's 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 transaction, the chief accounting officer now directly owns 142,671 shares of the company's stock, valued at approximately $3,817,875.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company's stock.

Analyst Upgrades and Downgrades

INFA has been the topic of a number of research reports. Guggenheim reiterated a "buy" rating on shares of Informatica in a report on Friday, October 18th. Wells Fargo & Company reduced their target price on shares of Informatica from $40.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group reduced their target price on shares of Informatica from $44.00 to $38.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. UBS Group reduced their target price on shares of Informatica from $35.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Finally, Scotiabank dropped their price objective on shares of Informatica from $33.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.55.

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.