Brokerages predict that Genpact Limited (NYSE:G) will announce $682.11 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Genpact’s earnings. The highest sales estimate is $691.04 million and the lowest is $674.80 million. Genpact reported sales of $623.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The firm is scheduled to report its next earnings report after the market closes on Thursday, May 3rd.
On average, analysts expect that Genpact will report full year sales of $682.11 million for the current fiscal year, with estimates ranging from $2.94 billion to $2.99 billion. For the next year, analysts anticipate that the business will post sales of $3.19 billion per share, with estimates ranging from $3.13 billion to $3.23 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Genpact.
Genpact (NYSE:G) last released its quarterly earnings data on Monday, February 12th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. Genpact had a net margin of 9.61% and a return on equity of 22.75%. The company had revenue of $734.41 million during the quarter, compared to the consensus estimate of $723.55 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Genpact’s revenue for the quarter was up 7.7% on a year-over-year basis.
Several research firms have issued reports on G. Citigroup decreased their price objective on shares of Genpact from $39.00 to $37.50 and set a “buy” rating for the company in a research note on Tuesday, February 13th. BMO Capital Markets increased their target price on shares of Genpact to $35.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 13th. JPMorgan Chase decreased their target price on shares of Genpact from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price target on shares of Genpact in a report on Tuesday, February 13th. Finally, Zacks Investment Research cut shares of Genpact from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.65.
NYSE G traded down $0.04 during trading hours on Tuesday, hitting $31.86. The company had a trading volume of 88,808 shares, compared to its average volume of 784,313. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.71. Genpact has a 1-year low of $23.51 and a 1-year high of $34.79. The company has a market capitalization of $6,125.55, a PE ratio of 21.41, a P/E/G ratio of 2.04 and a beta of 0.60.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Friday, March 9th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from Genpact’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 8th. Genpact’s dividend payout ratio (DPR) is 20.13%.
In related news, insider Arvinder Singh sold 22,690 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.95, for a total transaction of $770,325.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James C. Madden sold 4,270 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $30.92, for a total transaction of $132,028.40. The disclosure for this sale can be found here. Company insiders own 1.41% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. bought a new stake in shares of Genpact in the fourth quarter valued at about $38,064,000. Westwood Holdings Group Inc. acquired a new position in Genpact in the fourth quarter valued at about $24,974,000. BlackRock Inc. raised its stake in Genpact by 6.6% in the fourth quarter. BlackRock Inc. now owns 12,772,040 shares of the business services provider’s stock valued at $405,384,000 after purchasing an additional 785,600 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Genpact by 67.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,492,619 shares of the business services provider’s stock valued at $47,376,000 after purchasing an additional 602,090 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Genpact by 32.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,408,046 shares of the business services provider’s stock valued at $76,431,000 after purchasing an additional 587,149 shares in the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.
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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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