Wipro (NYSE:WIT - Get Free Report) released its earnings results on Wednesday. The information technology services provider reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04, Zacks reports. Wipro had a return on equity of 15.46% and a net margin of 13.96%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $225.66 billion.
Wipro Stock Performance
Shares of NYSE:WIT traded down $0.03 on Friday, reaching $2.71. 5,394,346 shares of the company's stock were exchanged, compared to its average volume of 5,057,503. Wipro has a fifty-two week low of $2.55 and a fifty-two week high of $3.79. The business's 50-day moving average is $3.14 and its two-hundred day moving average is $4.52. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $28.29 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 3.08 and a beta of 0.96.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. UBS Group raised shares of Wipro from a "sell" rating to a "neutral" rating in a research note on Thursday, January 2nd. StockNews.com cut Wipro from a "buy" rating to a "hold" rating in a report on Friday. Finally, Jefferies Financial Group lowered Wipro from a "hold" rating to an "underperform" rating in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wipro currently has an average rating of "Hold".
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Wipro Company Profile
(
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Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.
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