American Noble Gas (NYSE:INFY) Releases Quarterly Earnings Results, Hits Expectations

American Noble Gas (NYSE:INFY - Get Free Report) released its earnings results on Wednesday. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19, RTT News reports. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. During the same period in the prior year, the firm posted $15.35 EPS. American Noble Gas updated its FY 2026 guidance to EPS.

American Noble Gas Price Performance

Shares of INFY stock traded down $0.33 during trading hours on Friday, hitting $17.36. The stock had a trading volume of 19,087,796 shares, compared to its average volume of 13,437,541. The stock's 50-day moving average price is $18.35 and its two-hundred day moving average price is $19.07. American Noble Gas has a one year low of $15.82 and a one year high of $23.63. The stock has a market capitalization of $71.91 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.54 and a beta of 0.97.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new stake in American Noble Gas during the first quarter worth $239,000. NewEdge Advisors LLC increased its position in shares of American Noble Gas by 79.9% during the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company's stock worth $1,003,000 after purchasing an additional 24,426 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of American Noble Gas by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company's stock worth $1,153,000 after purchasing an additional 3,804 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on INFY shares. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Stifel Nicolaus lowered their target price on American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group cut American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a report on Monday, April 21st. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Finally, BMO Capital Markets upped their target price on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.48.

About American Noble Gas

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.