Wedbush Analysts Raise Earnings Estimates for Genpact Limited (G)

Genpact Limited (NYSE:G) – Wedbush lifted their FY2017 EPS estimates for Genpact Limited in a note issued to investors on Wednesday. Wedbush analyst M. Katri now anticipates that the business services provider will post earnings per share of $1.45 for the year, up from their prior forecast of $1.41. Wedbush currently has a “Outperform” rating and a $33.00 target price on the stock. Wedbush also issued estimates for Genpact Limited’s Q1 2018 earnings at $0.33 EPS.

Genpact Limited (NYSE:G) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The company had revenue of $708.82 million for the quarter, compared to analysts’ expectations of $685.25 million. Genpact Limited had a return on equity of 23.86% and a net margin of 10.18%. Genpact Limited’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share.

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Other analysts have also recently issued reports about the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $34.00 price objective on shares of Genpact Limited in a research report on Monday, October 9th. BidaskClub cut Genpact Limited from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. Cowen and Company set a $33.00 price objective on Genpact Limited and gave the company a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research raised Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $34.00 price objective on shares of Genpact Limited in a research report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $33.38.

Shares of Genpact Limited (NYSE:G) opened at $31.06 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $6,003.35, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.58. Genpact Limited has a 12-month low of $23.34 and a 12-month high of $31.93.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC grew its position in Genpact Limited by 5.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after purchasing an additional 189 shares during the period. Acrospire Investment Management LLC grew its position in Genpact Limited by 569.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock worth $112,000 after purchasing an additional 3,419 shares during the period. Meeder Asset Management Inc. bought a new stake in Genpact Limited in the 3rd quarter worth approximately $128,000. SG Americas Securities LLC bought a new stake in Genpact Limited in the 1st quarter worth approximately $110,000. Finally, Advisor Group Inc. grew its position in Genpact Limited by 59.8% in the 3rd quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock worth $145,000 after purchasing an additional 1,878 shares during the period. Institutional investors own 92.78% of the company’s stock.

In related news, Director Amit Chandra sold 275,508 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $28.72, for a total value of $7,912,589.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Piyush Mehta sold 17,017 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $31.00, for a total transaction of $527,527.00. Following the completion of the transaction, the insider now owns 82,461 shares of the company’s stock, valued at $2,556,291. The disclosure for this sale can be found here. Insiders have sold 10,396,187 shares of company stock valued at $298,624,643 over the last quarter. Company insiders own 1.41% of the company’s stock.

About Genpact Limited

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Earnings History and Estimates for Genpact Limited (NYSE:G)

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