Zacks: Analysts Expect Genpact Limited (NYSE:G) Will Post Earnings of $0.57 Per Share

Wall Street brokerages predict that Genpact Limited (NYSE:G) will post earnings of $0.57 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Genpact’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.55. Genpact posted earnings of $0.52 per share during the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The firm is scheduled to issue its next earnings results on Thursday, February 6th.

On average, analysts expect that Genpact will report full-year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.04. For the next financial year, analysts expect that the firm will post earnings of $2.28 per share, with EPS estimates ranging from $2.23 to $2.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Genpact.

Genpact (NYSE:G) last posted its earnings results on Thursday, November 7th. The business services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. The firm had revenue of $888.80 million for the quarter, compared to the consensus estimate of $884.91 million. Genpact had a net margin of 8.77% and a return on equity of 21.87%. The company’s revenue was up 18.8% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS.

A number of analysts recently weighed in on G shares. ValuEngine cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Deutsche Bank increased their price target on shares of Genpact from $36.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Bank of America increased their price target on shares of Genpact from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Wedbush increased their price target on shares of Genpact from $33.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald raised their target price on shares of Genpact from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Genpact presently has a consensus rating of “Hold” and an average price target of $40.18.

In related news, Director David Humphrey sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $17.10, for a total value of $51,300.00. Following the completion of the sale, the director now owns 4,500 shares in the company, valued at $76,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Private Ltd Gic sold 1,878,196 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $40.51, for a total transaction of $76,085,719.96. The disclosure for this sale can be found here. Insiders sold a total of 12,580,720 shares of company stock valued at $509,578,468 in the last 90 days. Company insiders own 1.86% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in G. Squar Milner Financial Services LLC increased its holdings in Genpact by 370.1% during the 3rd quarter. Squar Milner Financial Services LLC now owns 677 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 533 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Genpact during the 2nd quarter valued at about $31,000. Captrust Financial Advisors increased its holdings in Genpact by 109.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,072 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 561 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Genpact during the 3rd quarter valued at about $43,000. Finally, Lindbrook Capital LLC increased its holdings in Genpact by 195.3% during the 3rd quarter. Lindbrook Capital LLC now owns 1,193 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 789 shares in the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.

NYSE G opened at $39.36 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s fifty day moving average price is $38.71 and its 200 day moving average price is $38.42. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. Genpact has a 12 month low of $25.48 and a 12 month high of $44.55.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 9th will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, December 6th. Genpact’s dividend payout ratio (DPR) is presently 21.25%.

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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Earnings History and Estimates for Genpact (NYSE:G)

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