American Noble Gas (NYSE:INFY) Announces Earnings Results, Beats Expectations By $0.01 EPS

American Noble Gas (NYSE:INFY) released its earnings results on Wednesday. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01, Zacks reports. American Noble Gas had a net margin of 16.58% and a return on equity of 29.40%.

Here are the key takeaways from American Noble Gas’ conference call:

• Infosys reported a solid Q3 with 0.6% sequential and 1.7% YoY revenue growth (constant currency), $4.8bn of large deals, adjusted operating margin ~21.2%, and free cash flow of $915m.
• The company reiterated confidence in demand and raised FY revenue guidance to 3%–3.5% (constant currency) while keeping operating margin guidance at 20%–22%.
• Infosys emphasized strong AI momentum—launching Topaz Fabric, working with 90% of its top 200 clients, running ~4,600 AI projects and ~500 agents—and outlined six AI-led value pools it expects to capture.
• The company booked a one-time INR 1,289 crore charge from India’s labor code changes and expects an ongoing drag of roughly ~15 basis points on margins annually.
• Infosys is building capacity—onboarding ~18,000 freshers toward a 20,000 target and increasing headcount—which lowers utilization in the short term but is presented as an investment for future demand.

American Noble Gas Stock Performance

Shares of NYSE:INFY opened at $17.53 on Wednesday. The business’s 50-day simple moving average is $17.74 and its 200 day simple moving average is $17.33. The company has a market cap of $72.65 billion, a P/E ratio of 22.47, a PEG ratio of 2.94 and a beta of 0.98. American Noble Gas has a one year low of $15.81 and a one year high of $30.00.

Analyst Ratings Changes

Several analysts have commented on the company. TD Cowen lifted their price target on American Noble Gas from $16.00 to $17.00 and gave the company a “hold” rating in a report on Friday, January 9th. BMO Capital Markets reduced their target price on American Noble Gas from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Noble Gas in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Noble Gas currently has an average rating of “Hold” and an average price target of $16.82.

Institutional Trading of American Noble Gas

A number of hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of American Noble Gas by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 3,804 shares in the last quarter. NewEdge Advisors LLC increased its stake in American Noble Gas by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after buying an additional 24,426 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in American Noble Gas in the 1st quarter worth $239,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.