Informatica (INFA) to Release Quarterly Earnings on Wednesday

Informatica (NYSE:INFA) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Informatica to post earnings of $0.20 per share for the quarter. Informatica has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Informatica (NYSE:INFA) last released its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $445.18 million for the quarter, compared to analyst estimates of $431.51 million. Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. On average, analysts expect Informatica to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Informatica Price Performance

Informatica stock opened at $31.79 on Tuesday. The firm has a market cap of $9.38 billion, a PE ratio of -69.11, a price-to-earnings-growth ratio of 6.79 and a beta of 1.08. Informatica has a 52-week low of $13.29 and a 52-week high of $39.80. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $34.18 and its two-hundred day moving average is $29.29.

Insiders Place Their Bets

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at approximately $4,836,021.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at approximately $4,836,021.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amit Walia sold 85,996 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the transaction, the chief executive officer now directly owns 2,537,995 shares in the company, valued at $86,647,149.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,600 shares of company stock valued at $8,259,201. Insiders own 53.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Guggenheim reiterated a “buy” rating and set a $37.00 target price on shares of Informatica in a report on Tuesday, April 23rd. Wells Fargo & Company reduced their target price on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. The Goldman Sachs Group upgraded shares of Informatica from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $44.00 in a report on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price objective on shares of Informatica in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.45.

About Informatica

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.