Wipro Limited Company Profile (NYSE:WIT)

About Wipro Limited (NYSE:WIT)

Wipro Limited logoWipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company's IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services. Its products include computing, Platforms and Storage, Networking Solutions, Enterprise Information Security, and software products, including databases and operating systems. The Company is a reseller of third-party enterprise products through its direct sales force.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Information Technology Services
  • Sub-Industry: N/A
  • Symbol: NYSE:WIT
  • CUSIP: N/A
  • Web: www.wipro.com
Capitalization:
  • Market Cap: $26.27 billion
  • Outstanding Shares: 2,417,171,000
Average Prices:
  • 50 Day Moving Avg: $10.05
  • 200 Day Moving Avg: $9.75
  • 52 Week Range: $9.00 - $12.47
P/E:
  • Trailing P/E Ratio: 19.98
  • Foreward P/E Ratio: 18.42
  • P/E Growth: 2.14
Sales & Book Value:
  • Annual Revenue: $8.59 billion
  • Price / Sales: 3.06
  • Book Value: $3.36 per share
  • Price / Book: 3.24
Dividend:
  • Annual Dividend: $0.06
  • Dividend Yield: 0.4%
Profitability:
  • EBIDTA: $1.7 billion
  • Net Margins: 15.46%
  • Return on Equity: 17.32%
  • Return on Assets: 11.22%
Debt:
  • Debt-to-Equity Ratio: 0.04%
  • Current Ratio: 2.17%
  • Quick Ratio: 2.14%
Misc:
  • Average Volume: 603,887 shs.
  • Beta: 0.94
  • Short Ratio: 31.45
 

Frequently Asked Questions for Wipro Limited (NYSE:WIT)

What is Wipro Limited's stock symbol?

Wipro Limited trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."

How often does Wipro Limited pay dividends? What is the dividend yield for Wipro Limited?

Wipro Limited announced a dividend on Wednesday, January 25th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.029 per share on Friday, February 3rd. The ex-dividend date is Wednesday, February 1st. This is a positive change from Wipro Limited's previous dividend of $0.02. View Wipro Limited's Dividend History.

How were Wipro Limited's earnings last quarter?

Wipro Limited (NYSE:WIT) issued its earnings results on Tuesday, April, 25th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.06 billion. Wipro Limited had a net margin of 15.46% and a return on equity of 17.32%. View Wipro Limited's Earnings History.

Where is Wipro Limited's stock going? Where will Wipro Limited's stock price be in 2017?

3 analysts have issued 1-year price objectives for Wipro Limited's shares. Their forecasts range from $8.50 to $8.50. On average, they anticipate Wipro Limited's stock price to reach $8.50 in the next twelve months. View Analyst Ratings for Wipro Limited.

Who are some of Wipro Limited's key competitors?

Who owns Wipro Limited stock?

Wipro Limited's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include AQR Capital Management LLC (0.30%), Vanguard Group Inc. (0.27%), Nordea Investment Management AB (0.19%), State Street Corp (0.11%), Credit Suisse AG (0.08%) and Fisher Asset Management LLC (0.08%). View Institutional Ownership Trends for Wipro Limited.

Who sold Wipro Limited stock? Who is selling Wipro Limited stock?

Wipro Limited's stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, BNP Paribas Arbitrage SA, Goldman Sachs Group Inc., Hexavest Inc., JPMorgan Chase & Co., FMR LLC, Mitsubishi UFJ Trust & Banking Corp and Renaissance Technologies LLC. View Insider Buying and Selling for Wipro Limited.

Who bought Wipro Limited stock? Who is buying Wipro Limited stock?

Wipro Limited's stock was bought by a variety of institutional investors in the last quarter, including Karp Capital Management Corp, AQR Capital Management LLC, Prudential Financial Inc., Credit Suisse AG, LSV Asset Management, Parametric Portfolio Associates LLC, First Trust Advisors LP and Lazard Asset Management LLC. View Insider Buying and Selling for Wipro Limited.

How do I buy Wipro Limited stock?

Shares of Wipro Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Wipro Limited stock cost?

One share of Wipro Limited stock can currently be purchased for approximately $10.87.

Analyst Ratings

Consensus Ratings for Wipro Limited (NYSE:WIT) (?)
Ratings Breakdown: 3 Sell Ratings
Consensus Rating:Sell (Score: 1.00)
Consensus Price Target: $8.50 (21.80% downside)

Analysts' Ratings History for Wipro Limited (NYSE:WIT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/24/2016NomuraDowngradeNeutral -> ReduceN/AView Rating Details
9/8/2016WedbushInitiated CoverageUnderperform$8.50N/AView Rating Details
8/9/2016HSBC Holdings plcDowngradeHold -> ReduceN/AView Rating Details
4/21/2016Citigroup IncDowngradeNeutral -> SellN/AView Rating Details
4/20/2016Credit Suisse Group AGDowngradeOutperform -> NeutralN/AView Rating Details
2/11/2016Morgan StanleyDowngradeOverweight -> Equal WeightN/AView Rating Details
12/17/2015Sterne Agee CRTInitiated CoverageUnderperform$11.00N/AView Rating Details
6/3/2015Jefferies Group LLCUpgradeUnderperform -> HoldN/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for Wipro Limited (NYSE:WIT)
Earnings by Quarter for Wipro Limited (NYSE:WIT)
Earnings History by Quarter for Wipro Limited (NYSE:WIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/20173/31/2017$0.13$0.14$2.06 billion$2.16 billionViewN/AView Earnings Details
1/25/2017Q317$0.13$0.13$2.03 billion$136.88 billionViewN/AView Earnings Details
10/21/2016Q217$0.14$0.13$2.03 billion$137.66 billionViewListenView Earnings Details
7/19/2016Q117$0.14$0.12$2.02 billion$2.00 billionViewListenView Earnings Details
4/20/2016Q416$0.15$0.14$2.00 billion$2.10 billionViewListenView Earnings Details
1/18/2016Q316$0.15$0.13$1.99 billion$1.94 billionViewListenView Earnings Details
10/21/2015Q216$0.14$0.14$1.98 billion$1.91 billionViewListenView Earnings Details
7/23/2015Q116$0.14$0.14$1.84 billion$122.38 billionViewListenView Earnings Details
4/21/2015Q4$0.15$0.15$121.27 billion$121.42 billionViewN/AView Earnings Details
1/16/2015Q315$0.14$8.88$1.98 billion$119.93 billionViewN/AView Earnings Details
10/22/2014Q215$0.14$0.14$1.93 billion$1.89 billionViewListenView Earnings Details
7/24/2014Q115$0.13$8.54$1.87 billion$111.36 billionViewN/AView Earnings Details
4/17/2014Q414$0.13$9.04$1.90 billion$116.54 billionViewN/AView Earnings Details
1/17/2014Q314$0.12$8.18$1.83 billion$112.71 billionViewN/AView Earnings Details
10/22/2013Q214$0.11$7.85$1.78 billion$107.73 billionViewN/AView Earnings Details
7/26/2013$6.49$6.60$101.67 million$97.29 millionViewN/AView Earnings Details
11/2/2012Q312$0.12$0.12$1.91 billion$2.01 billionViewN/AView Earnings Details
10/31/2011$5.42$5.28ViewN/AView Earnings Details
4/26/2011$0.12$0.13ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Wipro Limited (NYSE:WIT)
2017 EPS Consensus Estimate: $0.26
2018 EPS Consensus Estimate: $0.50
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20171$0.13$0.13$0.13
Q4 20171$0.13$0.13$0.13
Q1 20181$0.12$0.12$0.12
Q2 20181$0.13$0.13$0.13
Q3 20181$0.12$0.12$0.12
Q4 20181$0.13$0.13$0.13
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Wipro Limited (NYSE:WIT)
Most Recent Dividend:2/3/2017
Annual Dividend:$0.06
Dividend Yield:0.55%
Dividend Growth:-9.60% (3 Year Average)
Payout Ratio:11.54% (Trailing 12 Months of Earnings)
11.11% (Based on This Year's Estimates)
10.17% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Wipro Limited (NYSE:WIT)

Dividend History by Quarter for Wipro Limited (NYSE:WIT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/25/2017$0.032/1/20172/3/20172/3/2017
6/7/2016$0.027/7/20167/11/20167/11/2016
1/20/2016$0.071/25/20161/27/20161/27/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Wipro Limited (NYSE:WIT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Wipro Limited (NYSE:WIT)
Latest Headlines for Wipro Limited (NYSE:WIT)
Source:
DateHeadline
finance.yahoo.com logoIs Inflation in India Approaching Its Target Range in 2017?
finance.yahoo.com - May 25 at 7:50 AM
americanbankingnews.com logoWipro Limited (WIT) Given Consensus Recommendation of "Sell" by Analysts
www.americanbankingnews.com - May 19 at 9:23 AM
finance.yahoo.com logoWipro Launches Nine Solutions to Accelerate Adoption of Blockchain Across Industry Sectors
finance.yahoo.com - May 17 at 10:44 PM
finance.yahoo.com logoWipro, First Book Bring Backpacks, New Books to Atlanta Area Kids in Need
finance.yahoo.com - May 12 at 4:36 AM
americanbankingnews.com logo$0.12 EPS Expected for Wipro Limited (WIT) This Quarter
www.americanbankingnews.com - May 10 at 2:08 PM
americanbankingnews.com logoWipro Limited (WIT) Earning Favorable Media Coverage, Study Shows
www.americanbankingnews.com - May 4 at 4:42 PM
finance.yahoo.com logoWipro Joins Enterprise Ethereum Alliance as Founding Member to Develop Enterprise-Grade Blockchain Solutions
finance.yahoo.com - May 4 at 9:35 AM
businesswire.com logoWipro Limited Launches New Brand Identity; Rearticulates its Values - Business Wire (press release)
www.businesswire.com - May 3 at 6:59 PM
americanbankingnews.com logoWipro Limited (WIT) Earns Daily Coverage Optimism Rating of 0.69
www.americanbankingnews.com - May 1 at 9:54 AM
finance.yahoo.com logoWipro Positioned as a Leader in NelsonHall’s Big Data and Analytics NEAT Report 2017
finance.yahoo.com - April 29 at 2:26 AM
americanbankingnews.com logoWipro Limited (WIT) Given News Impact Rating of 0.22
www.americanbankingnews.com - April 28 at 1:30 PM
americanbankingnews.com logoWipro Limited (WIT) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - April 28 at 7:26 AM
businesswire.com logoWipro Limited Announces Results for the Quarter and Year Ended March 31, 2017 under IFRS - Business Wire (press release)
www.businesswire.com - April 27 at 11:39 AM
americanbankingnews.com logo$2.09 Billion in Sales Expected for Wipro Limited (WIT) This Quarter
www.americanbankingnews.com - April 27 at 1:07 AM
americanbankingnews.com logoZacks: Analysts Expect Wipro Limited (WIT) Will Post Earnings of $0.12 Per Share
www.americanbankingnews.com - April 27 at 1:06 AM
americanbankingnews.com logoWipro Limited (WIT) Releases Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - April 26 at 5:52 PM
americanbankingnews.com logoJefferies Group Comments on Wipro Limited's FY2018 Earnings (WIT)
www.americanbankingnews.com - April 26 at 4:44 PM
americanbankingnews.com logoWipro Limited to Post Q3 2018 Earnings of $0.12 Per Share, Wedbush Forecasts (WIT)
www.americanbankingnews.com - April 26 at 4:44 PM
seekingalpha.com logoWipro;s (WIT) CEO Abidali Neemuchwala on Q4 2017 Results - Earnings Call Transcript
seekingalpha.com - April 25 at 7:35 PM
finance.yahoo.com logoWipro Limited Announces Results for the Quarter and Year Ended March 31, 2017 under IFRS
finance.yahoo.com - April 25 at 7:35 PM
finance.yahoo.com logo[$$] Wipro March Quarter Net Profit Up 0.4% at $351.8 Million
finance.yahoo.com - April 25 at 7:35 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Likely to Affect Wipro Limited (WIT) Share Price
www.americanbankingnews.com - April 25 at 3:21 PM
nasdaq.com logoWipro Q4 Profit Edges Up, Revenues Rise - Quick Facts
www.nasdaq.com - April 25 at 8:38 AM
finance.yahoo.com logoIndia's Wipro posts small rise in quarterly profit; outlook muted
finance.yahoo.com - April 25 at 8:38 AM
americanbankingnews.com logoWipro Limited (WIT) Receives Average Rating of "Sell" from Analysts
www.americanbankingnews.com - April 24 at 11:17 AM
finance.yahoo.com logoWipro Partners with and Invests in Demisto to Deliver Security Orchestration and Automated Incident Management as a Managed Service
finance.yahoo.com - April 24 at 8:57 AM
americanbankingnews.com logo$2.06 Billion in Sales Expected for Wipro Limited (WIT) This Quarter
www.americanbankingnews.com - April 21 at 2:07 PM
americanbankingnews.com logoWipro Limited (WIT) Earning Positive Press Coverage, Study Finds
www.americanbankingnews.com - April 20 at 9:53 AM
americanbankingnews.com logo$0.13 EPS Expected for Wipro Limited (WIT) This Quarter
www.americanbankingnews.com - April 19 at 6:21 PM
finance.yahoo.com logoWipro Limited to Announce Results for the Fourth Quarter and Year Ended March 31, 2017 on April 25, 2017
finance.yahoo.com - April 13 at 11:41 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Somewhat Likely to Impact Wipro Limited (WIT) Stock Price
www.americanbankingnews.com - April 13 at 1:10 PM
finance.yahoo.com logoEvery Tech Billionaire in India Takes Hit From Trump Visa Reform
finance.yahoo.com - April 11 at 10:40 PM
bizjournals.com logoEXCLUSIVE: CenturyLink Chairman William A. Owens, a Kirkland resident, to step down
www.bizjournals.com - April 10 at 8:08 PM
finance.yahoo.com logoWipro Positioned as a Leader in IDC MarketScape: Worldwide Datacenter Transformation Consulting and Implementation Services 2016 Vendor Assessment
au.finance.yahoo.com - April 1 at 10:46 AM
finance.yahoo.com logo6 Companies That Offer Strong Value Potential for 2nd-Quarter 2017
finance.yahoo.com - March 30 at 8:28 PM
americanbankingnews.com logoWipro Limited (WIT) Receives Consensus Recommendation of "Sell" from Brokerages
www.americanbankingnews.com - March 28 at 12:17 PM
finance.yahoo.com logoInfosys has Room to Grow Despite Visa Scare: Here's Why
finance.yahoo.com - March 23 at 3:59 PM
americanbankingnews.com logoWipro Limited (WIT) Lifted to "B-" at TheStreet
www.americanbankingnews.com - March 21 at 1:16 PM
us.rd.yahoo.com logoWipro Opens Automotive Engineering Center in Detroit
us.rd.yahoo.com - March 16 at 8:53 PM
capitalcube.com logoWipro Ltd. :WIT-US: Earnings Analysis: Q3, 2017 By the Numbers : March 15, 2017
us.rd.yahoo.com - March 16 at 8:53 PM
businesswire.com logoWipro and Harte Hanks to Offer Marketing Technology Services - Business Wire (press release)
www.businesswire.com - March 16 at 7:23 AM
businesswire.com logoWipro Launches the HOLMES - Business Wire (press release)
www.businesswire.com - March 15 at 2:03 AM
finance.yahoo.com logoWipro to Develop Next-Generation Enterprise Master Patient Index (eMPI) Solution for NHS Scotland
au.finance.yahoo.com - March 14 at 9:01 PM
finance.yahoo.com logoWipro Joins LoRa Alliance™ to Accelerate IoT Deployments - Yahoo Finance
finance.yahoo.com - March 8 at 8:01 AM
finance.yahoo.com logoWipro Joins LoRa Alliance™ to Accelerate IoT Deployments
au.finance.yahoo.com - March 8 at 8:01 AM
finance.yahoo.com logoWipro Recognized as Best in Class Technology Provider for 2017 by 'Consumer Goods Technology' Readers - Yahoo Finance
finance.yahoo.com - March 6 at 11:34 AM
finance.yahoo.com logoWipro Recognized as Best in Class Technology Provider for 2017 by ‘Consumer Goods Technology’ Readers
au.finance.yahoo.com - March 6 at 11:34 AM
us.rd.yahoo.com logoWipro, First Book Help Bring 43,000 New Books to Dallas-Area Children in Need
us.rd.yahoo.com - March 4 at 4:23 AM
us.rd.yahoo.com logoWipro Positioned in ‘Winner’s Circle’ of HfS Blueprint Report on Product Lifecycle Management Services
us.rd.yahoo.com - March 3 at 6:53 AM
finance.yahoo.com logoWipro Recognized as ‘Best Collaboration Partner’ by LTA, Singapore at the Land Transport Excellence Awards 2016
au.finance.yahoo.com - March 1 at 8:38 AM

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Chart

Wipro Limited (WIT) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff