Wall Street brokerages expect that Genpact Limited (NYSE:G) will post earnings of $0.41 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Genpact’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.42. Genpact reported earnings per share of $0.43 in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.7%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, February 12th.
According to Zacks, analysts expect that Genpact will report full-year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.62. For the next financial year, analysts anticipate that the company will report earnings of $1.77 per share, with EPS estimates ranging from $1.65 to $1.81. Zacks’ EPS calculations are an average based on a survey of research firms that cover Genpact.
Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The company had revenue of $708.82 million for the quarter, compared to analyst estimates of $685.25 million. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis.
Genpact (NYSE G) traded down $0.18 during mid-day trading on Friday, hitting $33.12. 920,317 shares of the stock traded hands, compared to its average volume of 771,365. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65. Genpact has a twelve month low of $23.34 and a twelve month high of $33.75. The stock has a market cap of $6,428.31, a price-to-earnings ratio of 24.00, a P/E/G ratio of 2.07 and a beta of 0.58.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Friday, December 8th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, December 7th. Genpact’s dividend payout ratio is presently 17.39%.
In other Genpact news, insider Piyush Mehta sold 20,728 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $30.00, for a total value of $621,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Arvinder Singh sold 22,855 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $32.23, for a total transaction of $736,616.65. Following the completion of the sale, the senior vice president now owns 37,623 shares of the company’s stock, valued at approximately $1,212,589.29. The disclosure for this sale can be found here. Insiders sold a total of 1,675,525 shares of company stock worth $50,978,024 over the last ninety days. 1.41% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC acquired a new stake in Genpact in the 2nd quarter valued at about $886,000. Voya Investment Management LLC increased its holdings in shares of Genpact by 97.9% during the 2nd quarter. Voya Investment Management LLC now owns 112,834 shares of the business services provider’s stock worth $3,140,000 after buying an additional 55,809 shares during the last quarter. Marathon Asset Management LLP increased its holdings in shares of Genpact by 27.7% during the 3rd quarter. Marathon Asset Management LLP now owns 1,356,597 shares of the business services provider’s stock worth $39,002,000 after buying an additional 293,931 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Genpact by 454.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 25,319 shares of the business services provider’s stock worth $728,000 after buying an additional 20,753 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Genpact by 184.8% during the 3rd quarter. First Trust Advisors LP now owns 220,560 shares of the business services provider’s stock worth $6,341,000 after buying an additional 143,128 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.
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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.
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