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: IT Services & Consulting
  • Sub-Industry: N/A
  • Symbol: NYSE:WIT
  • CUSIP: N/A
  • Web: www.wipro.com
Capitalization:
  • Market Cap: $27.46917 billion
  • Outstanding Shares: 4,838,891,000
Average Prices:
  • 50 Day Moving Avg: $6.01
  • 200 Day Moving Avg: $5.39
  • 52 Week Range: $4.50 - $6.40
P/E:
  • Trailing P/E Ratio: 20.40
  • Foreward P/E Ratio: 18.16
  • P/E Growth: 2.57
Sales & Book Value:
  • Annual Revenue: $8.63 billion
  • Price / Sales: 3.16
  • Book Value: $1.75 per share
  • Price / Book: 3.22
Dividend:
  • Annual Dividend: $0.03
  • Dividend Yield: 0.5%
Profitability:
  • EBIDTA: $1.71 billion
  • Net Margins: 15.46%
  • Return on Equity: 16.53%
  • Return on Assets: 10.77%
Debt:
  • Debt-to-Equity Ratio: 0.06%
  • Current Ratio: 2.41%
  • Quick Ratio: 2.40%
Misc:
  • Average Volume: 1.38 million shs.
  • Beta: 0.89
  • Short Ratio: 16.91
 

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. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.0145 per share on Friday, February 3rd. The ex-dividend date of this dividend is Wednesday, February 1st. View Wipro Limited's Dividend History.

When did Wipro Limited's stock split? How did Wipro Limited's stock split work?

Shares of Wipro Limited 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 Wipro Limited stock prior to the split would have 200 shares after the split.

How will Wipro Limited's stock buyback program work?

Wipro Limited declared that its Board of Directors has authorized a share buyback plan on Friday, July 21st 2017, which authorizes the company to buyback $1,700,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.1% of its shares through a tender offer. Shares buyback plans are typically an indication that the company's management believes its stock is undervalued.

How were Wipro Limited's earnings last quarter?

Wipro Limited (NYSE:WIT) issued its quarterly earnings results on Thursday, July, 20th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.05 billion. Wipro Limited had a net margin of 15.46% and a return on equity of 16.53%. View Wipro Limited's Earnings History.

When will Wipro Limited make its next earnings announcement?

Wipro Limited is scheduled to release their next quarterly earnings announcement on Tuesday, October, 17th 2017. View Earnings Estimates for Wipro Limited.

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

5 brokerages have issued 12-month target prices for Wipro Limited's shares. Their forecasts range from $277.00 to $277.00. On average, they expect Wipro Limited's stock price to reach $277.00 in the next year. View Analyst Ratings for Wipro Limited.

Who are some of Wipro Limited's key competitors?

Who are Wipro Limited's key executives?

Wipro Limited's management team includes the folowing people:

  • Azim H. Premji, Executive Chairman of the Board, Managing Director
  • Abidali Z. Neemuchwala, Chief Executive Officer, Executive Director
  • Jatin Pravinchandra Dalal, Chief Financial Officer
  • M. Sanaulla Khan, Compliance Officer, Company Secretary
  • Rishad Azim Premji, Executive Director, Chief Strategy Officer
  • Patrick Lucien Andre Dupuis, Non-Executive Independent Director
  • Patrick J. Ennis, Non-Executive Independent Director
  • Ashok Sekhar Ganguly, Non-Executive Independent Director
  • William Arthur Owens, Non-Executive Independent Director
  • Mahendra Kumar Sharma, Non-Executive Independent Director

Who owns Wipro Limited stock?

Wipro Limited's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.37%), Vanguard Group Inc. (0.28%), Commonwealth Bank of Australia (0.18%), Nordea Investment Management AB (0.15%), State Street Corp (0.12%) and First Trust Advisors LP (0.09%). 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 JPMorgan Chase & Co., UBS Asset Management Americas Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling for Wipro Limited.

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

Wipro Limited's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Commonwealth Bank of Australia, State Street Corp, First Trust Advisors LP, Nordea Investment Management AB, Fisher Asset Management LLC and Northern Trust Corp. 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.

What is Wipro Limited's stock price today?

One share of Wipro Limited stock can currently be purchased for approximately $5.63.


MarketBeat Community Rating for Wipro Limited (NYSE WIT)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  97 (Vote Outperform)
Underperform Votes:  228 (Vote Underperform)
Total Votes:  325
MarketBeat's community ratings are surveys of what our community members think about Wipro Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Wipro Limited (NYSE:WIT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Sell Ratings, 1 Hold Rating
Consensus Rating:Sell (Score: 1.20)
Consensus Price Target: $277.00 (4,820.07% upside)

Analysts' Ratings History for Wipro Limited (NYSE:WIT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/17/2017Goldman Sachs Group, Inc. (The)DowngradeNeutral -> SellLowView Rating Details
9/14/2017BNP ParibasDowngradeHold -> ReduceHighView Rating Details
7/21/2017Bank of America CorporationBoost Price TargetNeutral$250.00 -> $277.00LowView Rating Details
6/6/2017Jefferies Group LLCDowngradeHold -> UnderperformMediumView Rating Details
10/24/2016NomuraDowngradeNeutral -> ReduceN/AView Rating Details
9/8/2016WedbushInitiated CoverageUnderperform$4.25N/AView Rating Details
8/9/2016HSBC Holdings plcDowngradeHold -> ReduceN/AView Rating Details
4/21/2016Citigroup Inc.DowngradeNeutral -> SellN/AView Rating Details
4/20/2016Credit Suisse GroupDowngradeOutperform -> NeutralN/AView Rating Details
2/11/2016Morgan StanleyDowngradeOverweight -> Equal WeightN/AView Rating Details
12/17/2015Sterne Agee CRTInitiated CoverageUnderperform$5.50N/AView Rating Details
(Data available from 9/21/2015 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
10/17/2017$0.06N/AView Earnings Details
7/20/20176/30/2017$0.06$0.07$2.05 billion$2.11 billionViewN/AView Earnings Details
4/25/20173/31/2017$0.07$0.07$2.06 billion$2.16 billionViewN/AView Earnings Details
1/25/2017Q317$0.07$0.07$2.03 billion$136.88 billionViewN/AView Earnings Details
10/21/2016Q217$0.07$0.07$2.03 billion$137.66 billionViewListenView Earnings Details
7/19/2016Q117$0.07$0.06$2.02 billion$2.00 billionViewListenView Earnings Details
4/20/2016Q416$0.08$0.07$2.00 billion$2.10 billionViewListenView Earnings Details
1/18/2016Q316$0.08$0.07$1.99 billion$1.94 billionViewListenView Earnings Details
10/21/2015Q216$0.07$0.07$1.98 billion$1.91 billionViewListenView Earnings Details
7/23/2015Q116$0.07$0.07$1.84 billion$122.38 billionViewListenView Earnings Details
4/21/2015Q4$0.08$0.08$121.27 billion$121.42 billionViewN/AView Earnings Details
1/16/2015Q315$0.07$4.44$1.98 billion$119.93 billionViewN/AView Earnings Details
10/22/2014Q215$0.07$0.07$1.93 billion$1.89 billionViewListenView Earnings Details
7/24/2014Q115$0.07$4.27$1.87 billion$111.36 billionViewN/AView Earnings Details
4/17/2014Q414$0.07$4.52$1.90 billion$116.54 billionViewN/AView Earnings Details
1/17/2014Q314$0.06$4.09$1.83 billion$112.71 billionViewN/AView Earnings Details
10/22/2013Q214$0.06$3.93$1.78 billion$107.73 billionViewN/AView Earnings Details
7/26/2013$3.25$3.30$101.67 million$97.29 millionViewN/AView Earnings Details
11/2/2012Q312$0.06$0.06$1.91 billion$2.01 billionViewN/AView Earnings Details
10/31/2011$2.71$2.64ViewN/AView Earnings Details
4/26/2011$0.06$0.07ViewN/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: $0.36
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$0.06$0.06$0.06
Q3 20181$0.12$0.12$0.12
Q4 20181$0.06$0.06$0.06
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Wipro Limited (NYSE:WIT)
Most Recent Dividend:2/3/2017
Annual Dividend:$0.03
Dividend Yield:0.53%
Dividend Growth:-9.60% (3 Year Average)
Payout Ratio:11.11% (Trailing 12 Months of Earnings)
11.11% (Based on This Year's Estimates)
9.68% (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$0.012/1/20172/3/20172/3/2017
6/7/2016$0.017/7/20167/11/20167/11/2016
1/20/2016$0.041/25/20161/27/20161/27/2016
(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
americanbankingnews.com logoWipro Limited (WIT) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - September 20 at 2:02 PM
finance.yahoo.com logoCorporate News Blog - Wipro and Hewlett Packard Plan to Provide Enterprise Hybrid Cloud Solution Based on HPE ProLiant for Microsoft Azure Stack
finance.yahoo.com - September 19 at 9:33 AM
streetinsider.com logoGoldman Sachs Downgrades Wipro Ltd. (WIT) to Sell, Headwinds Remain
www.streetinsider.com - September 18 at 8:00 AM
americanbankingnews.com logoGoldman Sachs Group, Inc. (The) Lowers Wipro Limited (WIT) to Sell
www.americanbankingnews.com - September 17 at 5:52 PM
businesswire.com logoWipro selected as a strategic partner for Data Center Services by ... - Business Wire (press release)
www.businesswire.com - September 16 at 10:31 AM
seekingalpha.com logoWipro announces HPE joint offer, new energy contract - Seeking Alpha
seekingalpha.com - September 16 at 10:31 AM
msn.com logoWipro will push McLaren's sports car business through artificial intelligence
www.msn.com - September 15 at 11:31 AM
finance.yahoo.com logoWipro joins The Linux Foundation, Strengthening Collaboration and Commitment to Open Source Technologies
finance.yahoo.com - September 15 at 11:30 AM
finance.yahoo.com logoWipro joins Automotive Grade Linux to Accelerate Open Source Adoption
finance.yahoo.com - September 15 at 11:30 AM
finance.yahoo.com logoWipro selected as a strategic partner for Data Center Services by innogy
finance.yahoo.com - September 15 at 11:30 AM
finance.yahoo.com logoWipro and Hewlett Packard Enterprise to Deliver Enterprise Hybrid Cloud Solution Based on HPE ProLiant for Microsoft Azure Stack
finance.yahoo.com - September 15 at 11:30 AM
americanbankingnews.com logoBNP Paribas Lowers Wipro Limited (WIT) to Reduce
www.americanbankingnews.com - September 14 at 11:43 AM
seekingalpha.com logoWipro Chairman Premji Leads Growth Investment In Apttus - Seeking Alpha
seekingalpha.com - September 13 at 4:13 PM
businesswire.com logoWipro partners with Rebuild Texas Fund to help recovery and rebuilding efforts in Texas - Business Wire (press release)
www.businesswire.com - September 13 at 11:21 AM
finance.yahoo.com logoWipro partners with Rebuild Texas Fund to help recovery and rebuilding efforts in Texas
finance.yahoo.com - September 13 at 11:21 AM
finance.yahoo.com logoWipro Joins Hyperledger to Catalyze Collaboration on Enterprise-Grade Blockchain Solutions
finance.yahoo.com - September 13 at 11:21 AM
businesswire.com logoZinnov Positions Wipro in the 'Leadership Zone' for Robotic ... - Business Wire (press release)
www.businesswire.com - September 9 at 10:02 AM
finance.yahoo.com logoZinnov Positions Wipro in the ‘Leadership Zone’ for Robotic Automation Services 2017
finance.yahoo.com - September 9 at 10:02 AM
americanbankingnews.com logoWipro Limited (WIT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - September 7 at 12:24 PM
seekingalpha.com logoWipro launches new digital pod in Scotland - Seeking Alpha
seekingalpha.com - September 6 at 10:20 AM
finance.yahoo.com logoWipro Launches Digital Pod in Edinburgh, Scotland
finance.yahoo.com - September 4 at 7:55 AM
nasdaq.com logoValidea Warren Buffett Strategy Daily Upgrade Report - 8/29/2017 - Nasdaq
www.nasdaq.com - August 30 at 4:04 PM
americanbankingnews.com logoWipro Limited (WIT) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - August 29 at 8:44 AM
bizjournals.com logoGerman financial services provider picks Atlanta for division headquarters
www.bizjournals.com - August 28 at 7:43 AM
americanbankingnews.com logoWipro Limited (WIT) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - August 27 at 5:00 PM
businesswire.com logoWipro, First Book Bring New Books to Houston Area Kids in Need - Business Wire (press release)
www.businesswire.com - August 24 at 6:26 AM
finance.yahoo.com logoWipro, First Book Bring New Books to Seattle Area Kids in Need
finance.yahoo.com - August 23 at 1:58 PM
finance.yahoo.com logoWipro, First Book Bring New Books to Houston Area Kids in Need
finance.yahoo.com - August 23 at 1:58 PM
finance.yahoo.com logoWipro Wins Managed Services Engagement with Grameenphone
finance.yahoo.com - August 17 at 9:21 AM
businesswire.com logoInnogy Business Services UK and Wipro Named Winners of ISG Paragon Awards™ Europe - Business Wire (press release)
www.businesswire.com - August 10 at 9:43 AM
finance.yahoo.com logoInnogy Business Services UK and Wipro Named Winners of ISG Paragon Awards™ Europe
finance.yahoo.com - August 10 at 9:43 AM
businesswire.com logoWipro, First Book Bring New Books to Boston Area Kids in Need - Business Wire (press release)
www.businesswire.com - August 9 at 9:08 AM
businesswire.com logoWipro, Excelfore Partner to Offer Secure Connectivity Solutions for Next-Gen Smart and Autonomous Vehicles - Business Wire (press release)
www.businesswire.com - August 9 at 9:08 AM
finance.yahoo.com logoWipro, Excelfore Partner to Offer Secure Connectivity Solutions for Next-Gen Smart and Autonomous Vehicles
finance.yahoo.com - August 9 at 9:08 AM
finance.yahoo.com logoWipro, First Book Bring New Books to Boston Area Kids in Need
finance.yahoo.com - August 9 at 9:08 AM
businesswire.com logoWipro Develops Industry Focused Big Data Analytics-as-a-Service Platform on Microsoft Azure - Business Wire (press release)
www.businesswire.com - August 7 at 3:22 PM
nasdaq.com logoUnited Technologies (UTX) Likely to Acquire Rockwell Collins - Nasdaq
www.nasdaq.com - August 7 at 3:22 PM
americanbankingnews.com logoWipro Limited (WIT) Upgraded to Strong-Buy at BidaskClub
www.americanbankingnews.com - August 4 at 7:26 PM
prnewswire.com logoWipro Recognized with Elevate Texas Award - PR Newswire (press release)
www.prnewswire.com - August 4 at 9:58 AM
finance.yahoo.com logoETFs with exposure to Wipro Ltd. : August 4, 2017
finance.yahoo.com - August 4 at 9:58 AM
americanbankingnews.com logoWipro Limited (WIT) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 4 at 8:26 AM
finance.yahoo.com logoWipro Launches Silicon Valley Innovation Center in Mountain View
finance.yahoo.com - August 2 at 8:41 AM
americanbankingnews.com logoWipro Limited (WIT) Short Interest Down 7.3% in July
www.americanbankingnews.com - August 1 at 7:10 AM
prnewswire.com logoToday's Research Report Coverage on IT Services Stocks -- Wipro, Internap, Atlassian, and 21Vianet
www.prnewswire.com - July 31 at 8:08 AM
americanbankingnews.com logoWipro Limited (NYSE:WIT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 25 at 11:34 AM
businesswire.com logoWipro and Hewlett Packard Enterprise Partner to Offer Consumption-Based IT Infrastructure Solutions - Business Wire (press release)
www.businesswire.com - July 25 at 8:30 AM
finance.yahoo.com logoWipro and Hewlett Packard Enterprise Partner to Offer Consumption-Based IT Infrastructure Solutions
finance.yahoo.com - July 25 at 8:30 AM
finance.yahoo.com logoCompuware and Wipro Jointly Launch a Mainframe Center of Excellence
finance.yahoo.com - July 25 at 8:30 AM
americanbankingnews.com logoResearch Analysts Issue Forecasts for Wipro Limited's FY2020 Earnings (NYSE:WIT)
www.americanbankingnews.com - July 24 at 11:30 AM
americanbankingnews.com logoTraders Purchase High Volume of Wipro Limited Put Options (NYSE:WIT)
www.americanbankingnews.com - July 24 at 10:18 AM

Social

Chart

Wipro Limited (WIT) Chart for Thursday, September, 21, 2017

This page was last updated on 9/21/2017 by MarketBeat.com Staff