Wall Street analysts expect Genpact Limited (NYSE:G) to report earnings of $0.52 per share for the current quarter, Zacks reports. Six analysts have issued estimates for Genpact’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.51. Genpact posted earnings of $0.48 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The firm is scheduled to report its next quarterly earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Genpact will report full-year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $1.99 to $2.04. For the next fiscal year, analysts anticipate that the business will post earnings of $2.27 per share, with EPS estimates ranging from $2.23 to $2.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Genpact.
Genpact (NYSE:G) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $882.79 million during the quarter, compared to analysts’ expectations of $824.84 million. Genpact had a net margin of 8.77% and a return on equity of 22.61%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS.
G has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Genpact in a research report on Thursday, August 8th. Deutsche Bank raised their price objective on shares of Genpact from $36.00 to $44.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Cantor Fitzgerald raised their price objective on shares of Genpact from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Wedbush raised their price objective on shares of Genpact from $33.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Finally, Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.52.
In other news, insider Private Ltd Gic sold 1,499,806 shares of Genpact stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $36.01, for a total value of $54,008,014.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bain Capital Investors Llc sold 8,500,194 shares of Genpact stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $36.01, for a total transaction of $306,091,985.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,001,058 shares of company stock valued at $360,138,173. 1.86% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of G. Envestnet Asset Management Inc. increased its holdings in shares of Genpact by 8.7% in the first quarter. Envestnet Asset Management Inc. now owns 248,410 shares of the business services provider’s stock valued at $8,739,000 after purchasing an additional 19,973 shares during the last quarter. Arabesque Asset Management Ltd acquired a new position in shares of Genpact in the first quarter valued at $2,148,000. Sheets Smith Wealth Management acquired a new position in shares of Genpact in the first quarter valued at $367,000. JLB & Associates Inc. acquired a new position in shares of Genpact in the first quarter valued at $242,000. Finally, Tygh Capital Management Inc. increased its holdings in shares of Genpact by 7.0% in the first quarter. Tygh Capital Management Inc. now owns 210,494 shares of the business services provider’s stock valued at $7,405,000 after purchasing an additional 13,787 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.
Shares of Genpact stock traded up $0.68 during mid-day trading on Friday, reaching $40.37. 51,001 shares of the stock were exchanged, compared to its average volume of 1,161,782. The company has a market capitalization of $7.64 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.82. The company has a 50-day simple moving average of $39.19. Genpact has a fifty-two week low of $25.48 and a fifty-two week high of $44.55.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Wednesday, September 11th will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, September 10th. Genpact’s payout ratio is presently 21.25%.
Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.
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