Genpact (NYSE:G) released its quarterly earnings results on Thursday. The business services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03, Morningstar.com reports. The business had revenue of $835.34 million for the quarter, compared to analysts’ expectations of $810.98 million. Genpact had a net margin of 9.40% and a return on equity of 23.63%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. Genpact updated its FY 2019 guidance to $1.96-2.00 EPS and its FY19 guidance to $1.96-2.00 EPS.
G opened at $32.74 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $5.84 billion, a PE ratio of 20.46, a P/E/G ratio of 1.74 and a beta of 0.80. Genpact has a 1 year low of $25.48 and a 1 year high of $33.99.
Several brokerages have commented on G. Morgan Stanley raised Genpact from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $28.50 to $33.00 in a research report on Tuesday, January 15th. Zacks Investment Research lowered Genpact from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Wells Fargo & Co set a $32.00 price objective on Genpact and gave the company a “hold” rating in a research report on Wednesday, November 7th. JPMorgan Chase & Co. lowered their price objective on Genpact from $33.00 to $32.00 and set an “underweight” rating for the company in a research report on Wednesday, October 24th. Finally, Cowen reissued a “buy” rating and set a $35.00 price objective on shares of Genpact in a research report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Genpact currently has a consensus rating of “Hold” and a consensus price target of $34.35.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Genpact by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,373,412 shares of the business services provider’s stock worth $378,750,000 after buying an additional 52,109 shares during the last quarter. Vanguard Group Inc raised its position in Genpact by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 12,373,412 shares of the business services provider’s stock worth $378,750,000 after buying an additional 52,109 shares during the last quarter. FMR LLC raised its position in Genpact by 3.5% in the 2nd quarter. FMR LLC now owns 9,813,587 shares of the business services provider’s stock worth $283,907,000 after buying an additional 328,676 shares during the last quarter. BlackRock Inc. raised its position in Genpact by 0.3% in the 4th quarter. BlackRock Inc. now owns 8,064,656 shares of the business services provider’s stock worth $217,665,000 after buying an additional 25,103 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its position in Genpact by 6.0% in the 3rd quarter. Fiduciary Management Inc. WI now owns 4,735,755 shares of the business services provider’s stock worth $144,961,000 after buying an additional 268,585 shares during the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.
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; over-the counter 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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