Wipro - WIT Stock Forecast, Price & News

8 Wall Street equities research 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 equities research 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.
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8 brokers have issued 1-year target prices for Wipro's shares. Their WIT share price forecasts range from $4.70 to $4.70. On average, they anticipate the company's share price to reach $4.70 in the next twelve months. This suggests that the stock has a possible downside of 14.5%.
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Wipro's stock was trading at $9.76 at the start of the year. Since then, WIT stock has decreased by 43.6% and is now trading at $5.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 12th 2022.
View our WIT earnings forecast.

Wipro Limited (NYSE:WIT) issued its quarterly earnings data on Wednesday, July, 20th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.02. The information technology services provider earned $2.72 billion during the quarter, compared to analyst estimates of $2.75 billion. Wipro had a net margin of 14.06% and a trailing twelve-month return on equity of 17.66%.

Wipro declared a dividend on Friday, March 25th. Investors of record on Wednesday, April 6th will be paid a dividend of $0.059 per share on Wednesday, April 6th. The ex-dividend date of this dividend is Tuesday, April 5th. This is a boost from the stock's previous dividend of $0.02.
Read our dividend analysis for WIT.

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.

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 issued 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.

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.

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).

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

Wipro's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (0.17%), JPMorgan Chase & Co. (0.09%), SG Americas Securities LLC (0.05%), Citadel Advisors LLC (0.04%), Assenagon Asset Management S.A. (0.03%) and Deutsche Bank AG (0.02%).

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.
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One share of WIT stock can currently be purchased for approximately $5.50.

Wipro (NYSE:WIT) has a market capitalization of $30.06 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.

The company employs 240,000 workers across the globe.

Wipro was founded in 1945.

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.