Cognizant Technology Solutions (CTSH) Set to Announce Quarterly Earnings on Wednesday

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The information technology service provider reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.14. Cognizant Technology Solutions had a net margin of 10.98% and a return on equity of 17.83%. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.76 billion. During the same quarter last year, the firm earned $1.01 EPS. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts expect Cognizant Technology Solutions to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Cognizant Technology Solutions Trading Down 0.4 %

Shares of NASDAQ:CTSH traded down $0.25 during trading on Wednesday, reaching $67.52. The company's stock had a trading volume of 4,255,439 shares, compared to its average volume of 4,309,306. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.05. Cognizant Technology Solutions has a 12 month low of $58.09 and a 12 month high of $80.09. The stock has a market capitalization of $33.61 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06. The firm's 50 day simple moving average is $73.94 and its two-hundred day simple moving average is $72.55.

Cognizant Technology Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th were given a $0.30 dividend. This is a positive change from Cognizant Technology Solutions's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Friday, February 16th. Cognizant Technology Solutions's dividend payout ratio is 28.57%.

Insider Activity

In other news, EVP Kathryn Diaz sold 900 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $77.06, for a total value of $69,354.00. Following the sale, the executive vice president now directly owns 8,312 shares of the company's stock, valued at approximately $640,522.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CTSH. Societe Generale reaffirmed a "sell" rating and set a $67.00 target price on shares of Cognizant Technology Solutions in a research report on Friday, January 5th. Evercore ISI raised their target price on shares of Cognizant Technology Solutions from $65.00 to $70.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. Barclays raised their target price on shares of Cognizant Technology Solutions from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 23rd. Wedbush raised their target price on shares of Cognizant Technology Solutions from $75.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 26th. Finally, Wolfe Research upgraded shares of Cognizant Technology Solutions from an "underperform" rating to a "peer perform" rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $76.44.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.