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Russia Ignites West's Battle for Energy Independence (Ad)
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Russia Ignites West's Battle for Energy Independence (Ad)
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Big climate bill; Spending green bucks to boost green energy
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S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
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Russia Ignites West's Battle for Energy Independence (Ad)
Why Invest in High-Yield Dividend Stocks?
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Russia Ignites West's Battle for Energy Independence (Ad)
Look at Honeywell for a Steady and Diversified Stock
Big climate bill; Spending green bucks to boost green energy
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Investors See Opportunity in Huge Global Demand for Lithium (Ad)
NYSE:WIT

Wipro - WIT Stock Forecast, Price & News

$5.43
-0.04 (-0.73%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
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
0.25mentions of Wipro in the last 14 days
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

WIT stock logo

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

Brokerages Set Wipro Limited (NYSE:WIT) Price Target at $4.70
Wipro (NYSE:WIT) Stock Rating Lowered by Citigroup
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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

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
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

Net Income
$1.61 billion
Pretax Margin
17.49%

Debt

Sales & Book Value

Annual Sales
$10.43 billion
Cash Flow
$0.37 per share
Book Value
$1.59 per share

Miscellaneous

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

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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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