Genpact Limited (G) Expected to Announce Earnings of $0.41 Per Share

Wall Street brokerages expect Genpact Limited (NYSE:G) to post earnings per share of $0.41 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Genpact’s earnings, with estimates ranging from $0.40 to $0.42. Genpact reported earnings of $0.43 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.7%. The company is scheduled to announce its next quarterly earnings report on Friday, February 9th.

According to Zacks, analysts expect that Genpact will report full-year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.62. For the next year, analysts forecast that the business will report earnings of $1.77 per share, with EPS estimates ranging from $1.65 to $1.81. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Genpact.

Genpact (NYSE:G) last announced its earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The company had revenue of $708.82 million during the quarter, compared to the consensus estimate of $685.25 million. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share.

A number of analysts recently issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $38.00 price objective on shares of Genpact in a report on Friday, November 10th. Cowen reiterated a “buy” rating and set a $33.00 target price on shares of Genpact in a research report on Thursday, October 12th. Cantor Fitzgerald reiterated a “buy” rating and set a $32.00 target price on shares of Genpact in a research report on Wednesday, September 13th. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Genpact in a research report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.38.

In related news, insider N. V. Tyagarajan sold 77,619 shares of Genpact stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $32.23, for a total value of $2,501,660.37. Following the transaction, the insider now directly owns 244,755 shares of the company’s stock, valued at $7,888,453.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Piyush Mehta sold 20,728 shares of Genpact stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $30.00, for a total transaction of $621,840.00. The disclosure for this sale can be found here. Insiders have sold 1,652,670 shares of company stock worth $50,241,407 over the last three months. Insiders own 1.41% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Genpact by 40.1% during the 2nd quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock valued at $299,483,000 after buying an additional 3,080,741 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Genpact by 2,300.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 832,103 shares of the business services provider’s stock valued at $23,157,000 after buying an additional 797,436 shares in the last quarter. Eaton Vance Management boosted its holdings in shares of Genpact by 185.4% during the 2nd quarter. Eaton Vance Management now owns 856,429 shares of the business services provider’s stock valued at $23,834,000 after buying an additional 556,323 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Genpact by 36.9% during the 2nd quarter. Schroder Investment Management Group now owns 1,294,338 shares of the business services provider’s stock valued at $36,099,000 after buying an additional 348,626 shares in the last quarter. Finally, Marathon Asset Management LLP boosted its holdings in shares of Genpact by 27.7% during the 3rd quarter. Marathon Asset Management LLP now owns 1,356,597 shares of the business services provider’s stock valued at $39,002,000 after buying an additional 293,931 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Genpact (G) traded up $0.06 during midday trading on Friday, reaching $32.18. 1,028,600 shares of the company were exchanged, compared to its average volume of 1,040,067. Genpact has a 1-year low of $23.34 and a 1-year high of $32.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market capitalization of $6,200.52, a P/E ratio of 20.86, a PEG ratio of 2.19 and a beta of 0.58.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, December 7th. Genpact’s dividend payout ratio (DPR) is presently 17.39%.

ILLEGAL ACTIVITY WARNING: “Genpact Limited (G) Expected to Announce Earnings of $0.41 Per Share” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/13/genpact-limited-g-expected-to-announce-earnings-of-0-41-per-share.html.

About Genpact

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Get a free copy of the Zacks research report on Genpact (G)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Genpact (NYSE:G)

Receive News & Ratings for Genpact Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply