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Wipro (WIT) Scheduled to Publish Earnings on Friday


Wipro (NYSE:WITGet Ranking) will difficulty its quarterly earnings knowledge earlier than the market opens on Friday, April twenty ninth. Analysts anticipate the corporate to announce earnings of $0.08 per share for the quarter.

NYSE:WIT opened at $6.76 on Friday. The corporate has a debt-to-equity ratio of 0.08, a fast ratio of two.27 and a present ratio of two.27. The inventory has a market cap of $36.95 billion, a price-to-earnings ratio of 23.31, a PEG ratio of two.45 and a beta of 0.78. The enterprise has a fifty day shifting common of $7.51 and a 200-day shifting common of $8.34. Wipro has a 1 12 months low of $6.74 and a 1 12 months excessive of $9.96.

The corporate additionally not too long ago disclosed a dividend, which was paid on Wednesday, April sixth. Stockholders of document on Wednesday, April sixth had been issued a $0.059 dividend. It is a constructive change from Wipro’s earlier dividend of $0.02. The ex-dividend date of this dividend was Tuesday, April fifth. Wipro’s dividend payout ratio is 24.14%.

A number of brokerages have not too long ago weighed in on WIT. CLSA upgraded Wipro from an “underperform” ranking to an “outperform” ranking in a report on Monday, February twenty first. Jefferies Monetary Group raised Wipro from an “underperform” ranking to a “maintain” ranking and diminished their goal value for the corporate from $8.55 to $7.70 in a report on Friday, February 4th. StockNews.com initiated protection on Wipro in a report on Thursday, March thirty first. They set a “maintain” ranking for the corporate. Macquarie initiated protection on Wipro in a report on Monday, April eleventh. They set a “impartial” ranking for the corporate. Lastly, Zacks Funding Analysis downgraded Wipro from a “maintain” ranking to a “promote” ranking in a report on Friday, April fifteenth. One analysis analyst has rated the inventory with a promote ranking, six have given a maintain ranking and one has issued a purchase ranking to the corporate. In response to knowledge from MarketBeat, the corporate has a consensus ranking of “Maintain” and a median value goal of $8.31.

Hedge funds have not too long ago modified their holdings of the enterprise. Parametric Portfolio Associates LLC elevated its place in Wipro by 2.7% within the 4th quarter. Parametric Portfolio Associates LLC now owns 3,658,456 shares of the data know-how companies supplier’s inventory price $35,707,000 after buying a further 96,166 shares over the past quarter. Deutsche Financial institution AG elevated its place in Wipro by 3.8% within the 4th quarter. Deutsche Financial institution AG now owns 2,518,243 shares of the data know-how companies supplier’s inventory price $24,578,000 after buying a further 92,865 shares over the past quarter. Morgan Stanley elevated its place in Wipro by 14.7% within the 2nd quarter. Morgan Stanley now owns 2,996,833 shares of the data know-how companies supplier’s inventory price $23,406,000 after buying a further 383,499 shares over the past quarter. Invesco Ltd. raised its stake in shares of Wipro by 3.7% within the 4th quarter. Invesco Ltd. now owns 237,586 shares of the data know-how companies supplier’s inventory valued at $2,319,000 after buying a further 8,535 shares within the final quarter. Lastly, Wells Fargo & Firm MN lifted its holdings in Wipro by 26.0% within the 2nd quarter. Wells Fargo & Firm MN now owns 188,787 shares of the data know-how companies supplier’s inventory price $1,475,000 after buying a further 38,988 shares over the past quarter. 2.30% of the inventory is presently owned by institutional buyers.

Wipro Firm Profile (Get Ranking)

Wipro Restricted operates as info know-how (IT), consulting, and enterprise course of companies firm worldwide. It operates by means of three segments: IT Companies, IT Merchandise, and India State Run Enterprise Companies (ISRE). The IT Companies phase affords IT and IT-enabled companies, together with digital technique advisory, customer-centric design, know-how consulting, IT consulting, customized utility design, growth, re-engineering and upkeep, techniques integration, bundle implementation, infrastructure, analytics, enterprise course of, analysis and growth, and {hardware} and software program design companies to enterprises.

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Earnings History for Wipro (NYSE:WIT)



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