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%.
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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.
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