Informatica (INFA) Set to Announce Quarterly Earnings on Wednesday

Informatica (NYSE:INFA) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The business had revenue of $400.63 million for the quarter, compared to the consensus estimate of $402.97 million. During the same period in the previous year, the business earned $0.02 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, analysts expect Informatica to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Informatica Stock Performance

NYSE:INFA opened at $26.40 on Tuesday. The stock has a 50-day moving average price of $25.35 and a 200 day moving average price of $27.63. The stock has a market capitalization of $7.79 billion, a P/E ratio of -1,320.00, a P/E/G ratio of 5.41 and a beta of 1.06. Informatica has a 12-month low of $18.71 and a 12-month high of $39.80. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

INFA has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Scotiabank reduced their price target on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. Robert W. Baird dropped their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. UBS Group cut their price objective on Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company decreased their target price on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.18.

Insider Activity at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the transaction, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at $3,817,875.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the transaction, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

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.