Wipro Limited (NYSE:WIT) Given Price Target Of $12


As per Wipro Limited (NYSE:WIT)’s news release on 2016-08-10, its shareholders will get cash dividend of $0.015 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-11 and 2016-08-15, respectively.

The stock will commence trading ex-dividend from 2016-07-07, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Wipro Limited (NYSE:WIT) disbursed $0.015 in dividend compared to distribution of $0.015, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -55.3033%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Wipro Limited (NYSE:WIT) to attain a price target of $12. It is an average estimate figure given by 1 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $12. The low price range is set at $12 for next year while the arithmetic mean is seen at 3.

Eyeing Earnings Wipro Limited (NYSE:WIT) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.14 for the period ending on 2016-09-30.

In last quarter ended 2016-03-31, Wipro Limited (NYSE:WIT) earnings came at $0.12 suggesting a deviation of $-0.02. The brokerages targeted EPS of $0.14 for the quarter.

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