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NYSE:WIT

Wipro (WIT) Stock Price, News & Analysis

Wipro logo
$6.88 +0.07 (+1.03%)
(As of 11/20/2024 ET)

About Wipro Stock (NYSE:WIT)

Key Stats

Today's Range
$6.83
$6.89
50-Day Range
$6.27
$7.00
52-Week Range
$4.67
$7.04
Volume
2.98 million shs
Average Volume
2.49 million shs
Market Capitalization
$35.95 billion
P/E Ratio
25.48
Dividend Yield
0.15%
Price Target
$5.60
Consensus Rating
Hold

Company Overview

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. It serves customers in various industry sectors, such as communications, retail connectivity and services, consumer goods, healthcare, technology products and platforms, banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the Indian market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The company was incorporated in 1945 and is based in Bengaluru, India.

Wipro Stock Analysis - MarketRank™

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19th Percentile Overall Score

WIT MarketRank™: 

Wipro scored higher than 19% of companies evaluated by MarketBeat, and ranked 584th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Wipro has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 3 sell ratings.

  • Amount of Analyst Coverage

    Wipro has only been the subject of 1 research reports in the past 90 days.

  • Read more about Wipro's stock forecast and price target.
  • Earnings Growth

    Earnings for Wipro are expected to grow by 3.70% in the coming year, from $0.27 to $0.28 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Wipro is 25.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Wipro is 25.48, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 269.47.

  • Price to Earnings Growth Ratio

    Wipro has a PEG Ratio of 4.53. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Wipro has a P/B Ratio of 3.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Wipro's valuation and earnings.
  • Percentage of Shares Shorted

    0.58% of the float of Wipro has been sold short.
  • Short Interest Ratio / Days to Cover

    Wipro has a short interest ratio ("days to cover") of 17, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Wipro has recently increased by 1.25%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Wipro has a dividend yield of 0.16%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Wipro does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Wipro is 3.70%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Wipro will have a dividend payout ratio of 3.57% next year. This indicates that Wipro will be able to sustain or increase its dividend.

  • Read more about Wipro's dividend.
  • Percentage of Shares Shorted

    0.58% of the float of Wipro has been sold short.
  • Short Interest Ratio / Days to Cover

    Wipro has a short interest ratio ("days to cover") of 17, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Wipro has recently increased by 1.25%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Wipro has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Wipro this week, compared to 3 articles on an average week.
  • Search Interest

    3 people have searched for WIT on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Wipro insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.00% of the stock of Wipro is held by insiders.

  • Percentage Held by Institutions

    Only 2.36% of the stock of Wipro is held by institutions.

  • Read more about Wipro's insider trading history.
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WIT Stock News Headlines

Wipro (NYSE:WIT) Cut to "Hold" at StockNews.com
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Wipro Limited (WIPRO.BO)
See More Headlines

WIT Stock Analysis - Frequently Asked Questions

Wipro's stock was trading at $5.57 at the start of the year. Since then, WIT stock has increased by 23.5% and is now trading at $6.88.
View the best growth stocks for 2024 here
.

Wipro Limited (NYSE:WIT) released its earnings results on Thursday, October, 17th. The information technology services provider reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The information technology services provider earned $2.66 billion during the quarter, compared to analysts' expectations of $2.66 billion. Wipro had a trailing twelve-month return on equity of 14.98% and a net margin of 13.23%.

Wipro shares split before market open on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly minted shares were payable to shareholders after the market closes on Tuesday, April 25th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

The following companies are subsidiaries of Wipro: Rizing Intermediate Holdings Inc, Convergence Acceleration Solutions LLC, LeanSwift Solutions Inc., Edgile LLC, Ampion Holdings Pty Ltd, Capco, Metronom, and more.

Wipro's top institutional investors include BNP Paribas Financial Markets (0.22%), State Street Corp (0.21%), Fisher Asset Management LLC (0.07%) and Connor Clark & Lunn Investment Management Ltd. (0.03%).

Shares of WIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Wipro investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Tesla (TSLA), Cisco Systems (CSCO) and Infosys (INFY).

Company Calendar

Last Earnings
10/17/2024
Today
11/21/2024
Next Earnings (Estimated)
1/10/2025
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
Employees
234,054
Year Founded
1945

Price Target and Rating

Average Stock Price Target
$5.60
High Stock Price Target
$6.00
Low Stock Price Target
$5.20
Potential Upside/Downside
-18.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$1.33 billion
Pretax Margin
16.40%

Debt

Sales & Book Value

Annual Sales
$886.79 billion
Cash Flow
$0.34 per share
Book Value
$1.87 per share

Miscellaneous

Outstanding Shares
5,225,430,000
Free Float
5,173,176,000
Market Cap
$35.95 billion
Optionable
Optionable
Beta
0.89

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This page (NYSE:WIT) was last updated on 11/21/2024 by MarketBeat.com Staff
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