Genpact (NYSE:G) Issues Earnings Results

Genpact (NYSE:G) released its earnings results on Thursday. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04, Briefing.com reports. Genpact had a net margin of 8.77% and a return on equity of 21.87%. The company had revenue of $888.80 million for the quarter, compared to the consensus estimate of $884.91 million. During the same period in the prior year, the company posted $0.48 EPS. The company’s revenue was up 18.8% compared to the same quarter last year. Genpact updated its FY19 guidance to $2.02-2.04 EPS.

Shares of NYSE:G traded down $1.02 during mid-day trading on Friday, reaching $39.36. The stock had a trading volume of 2,368,658 shares, compared to its average volume of 1,023,182. The firm has a market cap of $7.55 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The firm has a 50 day simple moving average of $38.71 and a two-hundred day simple moving average of $38.42. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.78. Genpact has a twelve month low of $25.48 and a twelve month high of $44.55.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 9th will be given a $0.085 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.86%. Genpact’s dividend payout ratio is 21.25%.

A number of research firms have issued reports on G. Deutsche Bank upped their target price 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. Zacks Investment Research upgraded shares of Genpact from a “sell” rating to a “hold” rating and set a $43.00 target price on the stock in a research report on Thursday, September 12th. Bank of America upped their target price 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. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Genpact in a research report on Friday. Finally, ValuEngine downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Genpact has an average rating of “Hold” and a consensus price target of $40.18.

In related news, insider Private Ltd Gic sold 1,878,196 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $40.51, for a total transaction of $76,085,719.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Bain Capital Investors Llc sold 10,621,804 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $40.51, for a total value of $430,289,280.04. The disclosure for this sale can be found here. Insiders sold a total of 12,580,720 shares of company stock worth $509,578,468 over the last quarter. 1.86% of the stock is currently owned by corporate insiders.

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 for Genpact (NYSE:G)

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