Genpact Limited (NYSE:G) Expected to Post Earnings of $0.52 Per Share

Wall Street analysts expect Genpact Limited (NYSE:G) to report earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Genpact’s earnings, with estimates ranging from $0.51 to $0.54. Genpact posted earnings of $0.48 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The company is scheduled to announce its next 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 financial year, analysts forecast that the company 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 a mean average based on a survey of sell-side analysts that cover Genpact.

Genpact (NYSE:G) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Genpact had a net margin of 8.77% and a return on equity of 21.87%. The business had revenue of $882.79 million for the quarter, compared to analysts’ expectations of $824.84 million. During the same period last year, the business earned $0.41 EPS. The company’s revenue was up 21.2% compared to the same quarter last year.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Wedbush increased 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. Bank of America increased their price objective on shares of Genpact from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Deutsche Bank increased 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price objective (up from $44.00) on shares of Genpact in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $38.52.

In other news, SVP Heather White sold 1,058 shares of Genpact stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $36.08, for a total transaction of $38,172.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $54,008,014.06. The disclosure for this sale can be found here. Insiders have sold a total of 10,001,058 shares of company stock valued at $360,138,173 over the last three months. 1.86% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in Genpact by 8.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 248,410 shares of the business services provider’s stock valued at $8,739,000 after acquiring an additional 19,973 shares during the period. Arabesque Asset Management Ltd acquired a new stake in Genpact in the 1st quarter valued at $2,148,000. Sheets Smith Wealth Management acquired a new stake in Genpact in the 1st quarter valued at $367,000. JLB & Associates Inc. acquired a new stake in Genpact in the 1st quarter valued at $242,000. Finally, Tygh Capital Management Inc. grew its stake in Genpact by 7.0% in the 1st quarter. Tygh Capital Management Inc. now owns 210,494 shares of the business services provider’s stock valued at $7,405,000 after acquiring an additional 13,787 shares during the period. 94.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Genpact stock traded up $0.58 during midday trading on Friday, hitting $40.80. The company had a trading volume of 2,354,500 shares, compared to its average volume of 1,463,238. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.10 and a beta of 0.82. The company has a quick ratio of 1.38, a current ratio of 1.46 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $39.31 and a 200 day simple moving average of $36.14. Genpact has a 12-month low of $25.48 and a 12-month high of $44.55.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, September 10th. Genpact’s dividend payout ratio is presently 21.25%.

Genpact Company Profile

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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Earnings History and Estimates for Genpact (NYSE:G)

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