$0.40 EPS Expected for Genpact Limited (G) This Quarter

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Analysts forecast that Genpact Limited (NYSE:G) will post earnings of $0.40 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Genpact’s earnings, with estimates ranging from $0.38 to $0.42. Genpact posted earnings per share of $0.39 during the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Genpact will report full year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.01. For the next fiscal year, analysts expect that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $2.20 to $2.26. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Genpact.

Genpact (NYSE:G) last issued its earnings results on Thursday, February 7th. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The firm had revenue of $835.34 million during the quarter, compared to analysts’ expectations of $810.98 million. Genpact had a return on equity of 23.24% and a net margin of 9.40%. Genpact’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share.

A number of brokerages have issued reports on G. Zacks Investment Research cut Genpact from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Bank of America raised Genpact from an “underperform” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, February 6th. Royal Bank of Canada cut Genpact from an “outperform” rating to a “sector perform” rating and set a $33.50 price objective for the company. in a report on Tuesday, February 26th. Wells Fargo & Co raised Genpact from a “market perform” rating to an “outperform” rating and set a $33.25 price objective for the company in a report on Friday, March 8th. Finally, ValuEngine raised Genpact from a “hold” rating to a “buy” rating in a report on Friday, March 29th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Genpact has a consensus rating of “Buy” and a consensus price target of $33.97.

Shares of G stock opened at $35.89 on Thursday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 22.43, a PEG ratio of 1.87 and a beta of 0.87. Genpact has a one year low of $25.48 and a one year high of $36.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.39.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 0.95%. This is a positive change from Genpact’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, March 7th. Genpact’s dividend payout ratio (DPR) is presently 21.25%.

In other news, insider Patrick Cogny sold 9,943 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $33.36, for a total transaction of $331,698.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider N. V. Tyagarajan sold 150,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $35.37, for a total value of $5,305,500.00. Following the transaction, the insider now owns 633,891 shares of the company’s stock, valued at $22,420,724.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,755,440 shares of company stock valued at $57,125,519. Corporate insiders own 1.88% of the company’s stock.

Several institutional investors have recently bought and sold shares of G. Two Sigma Investments LP lifted its holdings in shares of Genpact by 87.2% during the 4th quarter. Two Sigma Investments LP now owns 550,574 shares of the business services provider’s stock valued at $14,860,000 after purchasing an additional 256,433 shares in the last quarter. Westpac Banking Corp bought a new position in shares of Genpact during the 4th quarter valued at about $3,989,000. Fox Run Management L.L.C. lifted its holdings in shares of Genpact by 100.2% during the 4th quarter. Fox Run Management L.L.C. now owns 29,480 shares of the business services provider’s stock valued at $796,000 after purchasing an additional 14,755 shares in the last quarter. OLD National Bancorp IN lifted its stake in Genpact by 5.9% in the 4th quarter. OLD National Bancorp IN now owns 39,860 shares of the business services provider’s stock valued at $1,076,000 after acquiring an additional 2,218 shares in the last quarter. Finally, Montag & Caldwell LLC lifted its stake in Genpact by 56.3% in the 4th quarter. Montag & Caldwell LLC now owns 14,580 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 5,252 shares in the last quarter. Institutional investors own 89.95% of the company’s stock.

About Genpact

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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