NYSE:WIT

Wipro - WIT Stock Forecast, Price & News

$5.43

-0.04 (-0.73%)

(As of 08/11/2022 12:00 AM ET)

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Today's Range: $5.43
▼
$5.49
50-Day Range: $4.97
▼
$6.17
52-Week Range: $4.94
▼
$9.96

Volume: 1.13 million shs
Average Volume: 3.36 million shs
Market Capitalization: $29.68 billion

P/E Ratio: 20.11
Dividend Yield: 1.28%
Price Target: $4.70

Wipro MarketRank™ Forecast

Analyst Rating: Hold
1.63 Rating Score
Upside/Downside: 13.4% Downside
$4.70 Price Target
Short Interest: Healthy
0.19% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.25
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.11%
From $0.27 to $0.30 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Computer And Technology Sector

407th out of 658 stocks

Custom Computer Programming Services Industry

21st out of 30 stocks

1.8

Analyst's Opinion

Consensus Rating
Wipro has received a consensus rating of Hold. The company's average rating score is 1.63, and is based on 2 buy ratings, 1 hold rating, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.70, Wipro has a forecasted downside of 13.4% from its current price of $5.43.
Amount of Analyst Coverage
Wipro has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.19% 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 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Wipro has recently decreased by 17.49%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Wipro pays a meaningful dividend of 1.28%, higher than 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 25.93%. 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 23.33% next year. This indicates that Wipro will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WIT.

1.2

News and Social Media Coverage

News Sentiment
Wipro has a news sentiment score of 0.25. 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 lower news sentiment than the 0.38 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Wipro this week, compared to 4 articles on an average week.
MarketBeat Follows
Only 18 people have added Wipro to their MarketBeat watchlist in the last 30 days. This is a decrease of -31% compared to the previous 30 days.

0.0

Company Ownership

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 2.30% of the stock of Wipro is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Wipro are expected to grow by 11.11% in the coming year, from $0.27 to $0.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wipro is 20.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wipro is 20.11, 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 414.71.
Price to Earnings Growth Ratio
Wipro has a PEG Ratio of 2.21. 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 3.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Wipro (NYSE:WIT) Stock

Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: Information Technology Services, India State Run Enterprise (ISRE), and Information Technology Products. The Information Technology Services segment 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 to enterprises worldwide. The Information Technology Products segment offers a range of third-party IT products, which allows the firm to provide comprehensive IT system integration services. The ISRE segment is composed of IT services offerings to organizations owned or controlled by the Government of India and any Indian State Governments. The company was founded on December 29, 1945 and is headquartered in Bengaluru, India.

Wipro Stock Performance

Shares of Wipro stock opened at $5.43 on Friday. The business has a 50-day moving average of $5.40 and a 200 day moving average of $6.52. Wipro has a 12 month low of $4.94 and a 12 month high of $9.96. The stock has a market capitalization of $29.68 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.95 and a quick ratio of 1.94.

Wipro (NYSE:WIT - Get Rating) last announced its earnings results on Wednesday, July 20th. The information technology services provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). Wipro had a net margin of 14.06% and a return on equity of 17.66%. The firm had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.75 billion. As a group, sell-side analysts forecast that Wipro will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley cut Wipro from an "overweight" rating to an "underweight" rating in a report on Thursday, July 14th. TheStreet cut Wipro from a "b-" rating to a "c+" rating in a report on Friday, July 8th. Jefferies Financial Group cut Wipro from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $7.30 to $4.70 in a report on Friday, July 8th. Wedbush reiterated an "underperform" rating on shares of Wipro in a report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. cut Wipro from a "neutral" rating to an "underweight" rating in a report on Thursday, May 19th. Five analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.70.

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WIT Stock News Headlines

August 10, 2022 | businesswire.com

The Manufacturing Industry Is The Most Advanced In Cloud Adoption: Wipro Report - Business Wire

August 7, 2022 | americanbankingnews.com

Brokerages Set Wipro Limited (NYSE:WIT) Price Target at $4.70

August 6, 2022 | msn.com

Here's How Much You Would Have Made Owning Wipro Stock In The Last 20 Years

August 5, 2022 | benzinga.com

Here's How Much You Would Have Made Owning Wipro Stock In The Last 20 Years - Benzinga

August 2, 2022 | businesswire.com

Digital Transformation Could Save Manufacturers $1 Trillion Annually, Says Expert in Wipro Sponsored Harvard Business Review Analytic Services Report - Business Wire

August 2, 2022 | finance.yahoo.com

Digital Transformation Could Save Manufacturers $1 Trillion Annually, Says Expert in Wipro Sponsored Harvard Business Review Analytic Services Report

July 27, 2022 | seekingalpha.com

Wipro Q1: Earnings Fall Short Again As Profit Outlook Remains Bleak (NYSE:WIT) - Seeking Alpha

July 26, 2022 | businesswire.com

Nokia Extends Strategic Partnership with Wipro to Drive Digital Transformation and Efficiencies in Global Business Services - Business Wire

July 26, 2022 | finance.yahoo.com

Nokia Extends Strategic Partnership with Wipro to Drive Digital Transformation and Efficiencies in Global Business Services

July 26, 2022 | americanbankingnews.com

Wipro Limited (NYSE:WIT) Forecasted to Earn FY2023 Earnings of $0.30 Per Share

July 24, 2022 | msn.com

Azim Premji Birthday Special: Facts you may or may not know about Wipro's chairman

July 22, 2022 | americanbankingnews.com

Wipro (NYSE:WIT) Stock Rating Lowered by Citigroup

July 21, 2022 | finance.yahoo.com

Wipro Limited Announces Results for the Quarter ended June 30, 2022 under IFRS - Yahoo Finance

July 20, 2022 | benzinga.com

Here's How Much You Would Have Made Owning Wipro Stock In The Last 20 Years - Benzinga - Benzinga

July 20, 2022 | seekingalpha.com

Wipro hit with double downgrade at Citi as Q1 earnings disappoints (NYSE:WIT) - Seeking Alpha

July 20, 2022 | finance.yahoo.com

India's Wipro sees higher IT services revenue growth on strong deals pipeline - Yahoo Finance

July 20, 2022 | streetinsider.com

UPDATE: Citi Double Downgrades Wipro Ltd. (WPRO:IN) (WIT) to Sell - StreetInsider.com

July 20, 2022 | benzinga.com

Recap: Wipro Q1 Earnings - Benzinga - Benzinga

July 20, 2022 | finance.yahoo.com

India's Wipro sees higher IT services revenue growth on strong deals pipeline

July 20, 2022 | finance.yahoo.com

Wipro Clocks 18% Revenue Growth In Q1 Aided By Strong Order Bookings; Misses Consensus

July 20, 2022 | seekingalpha.com

Wipro GAAP EPS of $0.06 misses by $0.02, revenue of $2.7B misses by $10M, Order bookings grew 32% Y/Y (NYSE:WIT) - Seeking Alpha

July 20, 2022 | businesswire.com

Wipro Limited Appoints Päivi Rekonen to its Board - Business Wire

July 20, 2022 | reuters.com

India's Wipro misses quarterly profit estimates as employee costs rise - Reuters India

July 19, 2022 | benzinga.com

Wipro's Earnings: A Preview - Benzinga - Benzinga

July 15, 2022 | benzinga.com

Wipro Q1 2023 Earnings Conference Call On July 20, 2022 At 10:00 AM ET - Benzinga - Benzinga

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WIT Company Calendar

Last Earnings: 7/20/2022
Today: 8/12/2022
Next Earnings (Estimated): 10/12/2022
Fiscal Year End: 3/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Custom computer programming services
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:WIT
CUSIP: N/A
CIK: 1123799
Web: www.wipro.com
Phone: 918046827999
Fax: 91-80-2844-0054
Employees: 240,000
Year Founded: 1945

Price Target and Rating

Average Stock Price Forecast: $4.70
High Stock Price Forecast: $4.70
Low Stock Price Forecast: $4.70
Forecasted Upside/Downside: -13.4%
Consensus Rating: Hold
Rating Score (0-4): 1.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.27
Trailing P/E Ratio: 20.11
Forward P/E Ratio: 20.11
P/E Growth: 2.21
Net Income: $1.61 billion
Net Margins: 14.06%
Pretax Margin: 17.49%
Return on Equity: 17.66%
Return on Assets: 11.13%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 1.95
Quick Ratio: 1.94

Sales & Book Value

Annual Sales: $10.43 billion
Price / Sales: 2.85
Cash Flow: $0.37 per share
Price / Cash Flow: 14.55
Book Value: $1.59 per share
Price / Book: 3.42

Miscellaneous

Outstanding Shares: 5,465,531,000
Free Float: 5,410,876,000
Market Cap: $29.68 billion
Optionable: Optionable
Beta: 0.83

Social Links

Key Executives

Thierry Delaporte
CEO, Executive Director & Managing Director
Jatin Pravinchandra Dalal
President & Chief Financial Officer
Sanjeev Singh
Chief Operations Officer
Harmeet Chauhan
Global Head-Engineering, Research & Development
Subha Tatavarti
Chief Technology Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WIT Stock - Frequently Asked Questions

Should I buy or sell Wipro stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last twelve months. There are currently 5 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WIT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WIT, but not buy additional shares or sell existing shares.
View WIT analyst ratings or view top-rated stocks.
What is Wipro's stock price forecast for 2022?: 8 equities research analysts have issued twelve-month price objectives for Wipro's shares. Their WIT share price forecasts range from $4.70 to $4.70. On average, they expect the company's stock price to reach $4.70 in the next twelve months. This suggests that the stock has a possible downside of 13.4%.
View analysts price targets for WIT or view top-rated stocks among Wall Street analysts.
How have WIT shares performed in 2022?: Wipro's stock was trading at $9.76 at the start of the year. Since then, WIT shares have decreased by 44.4% and is now trading at $5.43.
View the best growth stocks for 2022 here.
When is Wipro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 12th 2022.
View our WIT earnings forecast.
How were Wipro's earnings last quarter?: Wipro Limited (NYSE:WIT) posted its quarterly earnings results on Wednesday, July, 20th. The information technology services provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by $0.02. The information technology services provider earned $2.72 billion during the quarter, compared to the consensus estimate of $2.75 billion. Wipro had a trailing twelve-month return on equity of 17.66% and a net margin of 14.06%.
How often does Wipro pay dividends? What is the dividend yield for Wipro?: Wipro declared a dividend on Friday, March 25th. Investors of record on Wednesday, April 6th will be given a dividend of $0.059 per share on Wednesday, April 6th. The ex-dividend date is Tuesday, April 5th. This is a boost from the stock's previous dividend of $0.02.
Read our dividend analysis for WIT.
Is Wipro a good dividend stock?: Wipro (NYSE:WIT) pays an annual dividend of $0.07 per share and currently has a dividend yield of 1.28%. The dividend payout ratio is 25.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIT will have a dividend payout ratio of 23.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIT.
When did Wipro's stock split?: Wipro shares split before market open on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly created shares were payable to shareholders after the closing bell on Tuesday, April 25th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Thierry Delaporte's approval rating as Wipro's CEO?: 60 employees have rated Wipro Chief Executive Officer Thierry Delaporte on Glassdoor.com. Thierry Delaporte has an approval rating of 86% among the company's employees.
What other stocks do shareholders of Wipro own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Wipro investors own include Infosys (INFY), Cisco Systems (CSCO), Raytheon Technologies (RTX), Abbott Laboratories (ABT), Ford Motor (F), Walt Disney (DIS), Intel (INTC), Tata Motors (TTM), Alibaba Group (BABA) and General Electric (GE).
What is Wipro's stock symbol?: Wipro trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."
Who are Wipro's major shareholders?: Wipro's stock is owned by many different institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (0.09%), SG Americas Securities LLC (0.05%), Assenagon Asset Management S.A. (0.03%), Deutsche Bank AG (0.02%), Janney Montgomery Scott LLC (0.02%) and Connor Clark & Lunn Investment Management Ltd. (0.02%).
How do I buy shares of Wipro?: Shares of WIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Wipro's stock price today?: One share of WIT stock can currently be purchased for approximately $5.43.
How much money does Wipro make?: Wipro (NYSE:WIT) has a market capitalization of $29.68 billion and generates $10.43 billion in revenue each year. The information technology services provider earns $1.61 billion in net income (profit) each year or $0.27 on an earnings per share basis.
How many employees does Wipro have?: The company employs 240,000 workers across the globe.
Does Wipro have any subsidiaries?: The following companies are subsidiares of Wipro: 4C, ATCO I-Tek Inc., Appirio Inc., Appirio India Cloud Solutions Private Limited, Capco, Cellent GmbH, Citi Technology Services, Cooper Software Inc., Designit A/S, Designit Denmark A/S, Designit Germany GmbH, Designit Oslo A/S, Designit Spain Digital S.L., Designit Sweden AB, Designit T.L.V Ltd., Designit Tokyo Ltd., Global Oil and Gas Information Technology Services Business, HPH Holdings Corp., HealthPlan Services, HealthPlan Services Inc., InfoServer, Infocrossing LLC, International TechneGroup, Opus Capital Markets Consultants, Opus Capital Markets Consultants LLC, PT. WT Indonesia, Promax Application Group, Rainbow Software LLC, Rational Interaction Inc., TechneGroup Incorporated, Viteos Group, Wipro (Dalian) Limited, Wipro (Thailand) Co. Limited, Wipro Airport IT Services Limited*, Wipro Arabia Co. Limited, Wipro Bahrain Limited Co. S.P.C., Wipro Chengdu Limited, Wipro Corporate Technologies Ghana Limited, Wipro Cyprus Private Limited, Wipro Digital Aps, Wipro Doha LLC, Wipro Europe Limited, Wipro Financial Services UK Limited, Wipro Gallagher Solutions LLC, Wipro Gulf LLC, Wipro HR Services India Private Limited, Wipro Holdings (Mauritius) Limited, Wipro Holdings (UK) Limited, Wipro Holdings Hungary Korlátolt Felelosségu Társaság, Wipro Holdings Investment Korlátolt Felelosségu Társaság, Wipro IT Service Ukraine LLC, Wipro IT Services Bangladesh Limited, Wipro IT Services LLC, Wipro IT Services Poland SP Z.O.O, Wipro IT Services S.R.L., Wipro IT Services SE, Wipro Information Technology Austria GmbH, Wipro Information Technology Egypt SAE, Wipro Information Technology Kazakhstan LLP, Wipro Information Technology Netherlands BV., Wipro Insurance Solutions LLC, Wipro Japan KK, Wipro LLC, Wipro LLC, Wipro Networks Pte Limited, Wipro Outsourcing Services (Ireland) Limited, Wipro Overseas IT Services Pvt. Ltd, Wipro Philippines Inc., Wipro Poland SP Z.O.O, Wipro Portugal S.A., Wipro Promax Analytics Solutions Americas LLC, Wipro Shanghai Limited, Wipro Solutions Canada Limited, Wipro Technologies Australia Pty Ltd, Wipro Technologies Limited, Wipro Technologies Nigeria Limited, Wipro Technologies Peru S.A.C., Wipro Technologies S.R.L., Wipro Technologies SA, Wipro Technologies SA DE CV, Wipro Technologies SDN BHD, Wipro Technologies South Africa (Proprietary) Limited, Wipro Technologies VZ C.A., Wipro Technologies W.T. Sociedad Anonima, Wipro Technology Chile SPA, Wipro Trademarks Holding Limited, Wipro Travel Services Limited, Wipro UK Limited, Wipro US Foundation International, Wipro do Brasil Servicos de Tecnologia S.A., Wipro do Brasil Technologia Ltda, and Women’s Business Park Technologies Limited.
Read More
When was Wipro founded?: Wipro was founded in 1945.
How can I contact Wipro?: Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The official website for the company is www.wipro.com. The information technology services provider can be reached via phone at 918046827999, via email at investor.relations@wipro.com, or via fax at 91-80-2844-0054.

This page (NYSE:WIT) was last updated on 8/12/2022 by MarketBeat.com Staff

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Wipro - WIT Stock Forecast, Price & News

Wipro MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Wipro (NYSE:WIT) Stock

Wipro Stock Performance

Analyst Ratings Changes

WIT Stock News Headlines

WIT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

WIT Stock - Frequently Asked Questions

Should I buy or sell Wipro stock right now?

What is Wipro's stock price forecast for 2022?

How have WIT shares performed in 2022?

When is Wipro's next earnings date?

How were Wipro's earnings last quarter?

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

Is Wipro a good dividend stock?

When did Wipro's stock split?

What is Thierry Delaporte's approval rating as Wipro's CEO?

What other stocks do shareholders of Wipro own?

What is Wipro's stock symbol?

Who are Wipro's major shareholders?

How do I buy shares of Wipro?

What is Wipro's stock price today?

How much money does Wipro make?

How many employees does Wipro have?

Does Wipro have any subsidiaries?

When was Wipro founded?

How can I contact Wipro?

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