Genpact (G) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Genpact (NYSE:G) issued its quarterly earnings data on Tuesday. The business services provider reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03, Briefing.com reports. Genpact had a net margin of 9.44% and a return on equity of 22.15%. The firm had revenue of $747.98 million for the quarter, compared to analysts’ expectations of $754.93 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Genpact updated its FY 2018 guidance to $1.72-1.76 EPS.

Shares of Genpact stock traded up $2.01 on Wednesday, hitting $29.41. 1,654,952 shares of the company traded hands, compared to its average volume of 759,696. The stock has a market cap of $5.20 billion, a P/E ratio of 19.74, a PEG ratio of 1.75 and a beta of 0.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52. Genpact has a 52 week low of $26.46 and a 52 week high of $34.79.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Monday, December 10th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, December 7th. Genpact’s payout ratio is currently 20.13%.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Genpact from a “neutral” rating to an “underweight” rating and set a $37.00 target price on the stock. in a research note on Tuesday, August 14th. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. SunTrust Banks restated a “buy” rating and set a $37.00 target price on shares of Genpact in a research note on Thursday, August 9th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 target price on shares of Genpact in a research note on Wednesday, August 8th. Finally, Wells Fargo & Co set a $32.00 target price on shares of Genpact and gave the stock a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Genpact presently has an average rating of “Hold” and an average price target of $35.28.

In other news, Director Carol Lindstrom sold 2,630 shares of Genpact stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $30.44, for a total transaction of $80,057.20. Following the sale, the director now owns 17,141 shares in the company, valued at $521,772.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.88% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of Genpact by 17,596.8% in the third quarter. Toronto Dominion Bank now owns 5,486 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 5,455 shares in the last quarter. Stone Ridge Asset Management LLC grew its holdings in shares of Genpact by 7.0% in the third quarter. Stone Ridge Asset Management LLC now owns 48,767 shares of the business services provider’s stock valued at $1,493,000 after purchasing an additional 3,200 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Genpact by 1,103.8% in the third quarter. Wells Fargo & Company MN now owns 718,251 shares of the business services provider’s stock valued at $21,985,000 after purchasing an additional 658,586 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Genpact in the third quarter valued at $994,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Genpact in the third quarter valued at $874,000. Hedge funds and other institutional investors own 88.59% of the company’s stock.

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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; 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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Earnings History for Genpact (NYSE:G)

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