Genpact Limited (G) Expected to Announce Earnings of $0.48 Per Share

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Equities research analysts predict that Genpact Limited (NYSE:G) will post $0.48 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Genpact’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.50. Genpact reported earnings of $0.43 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.6%. The business is scheduled to announce its next quarterly earnings report on Monday, February 11th.

According to Zacks, analysts expect that Genpact will report full-year earnings of $1.75 per share for the current fiscal year, with EPS estimates ranging from $1.69 to $1.77. For the next financial year, analysts anticipate that the business will post earnings of $1.95 per share, with EPS estimates ranging from $1.85 to $2.03. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Genpact.

Genpact (NYSE:G) last posted its earnings results on Tuesday, November 6th. The business services provider reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The company had revenue of $747.98 million during the quarter, compared to analyst estimates of $754.93 million. Genpact had a return on equity of 22.26% and a net margin of 9.31%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Genpact from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Wells Fargo & Co set a $32.00 price objective on Genpact and gave the stock a “hold” rating in a report on Wednesday, November 7th. JPMorgan Chase & Co. lowered Genpact from a “neutral” rating to an “underweight” rating and set a $37.00 price objective for the company. in a report on Tuesday, August 14th. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price objective on shares of Genpact in a report on Wednesday, August 8th. Finally, Cowen reissued a “buy” rating and issued a $35.00 price objective on shares of Genpact in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Genpact has an average rating of “Hold” and a consensus price target of $34.31.

Shares of NYSE:G traded up $0.24 during trading on Thursday, hitting $29.35. 1,875,548 shares of the company traded hands, compared to its average volume of 777,445. The firm has a market capitalization of $5.67 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64. Genpact has a one year low of $26.46 and a one year high of $34.79. The company has a current ratio of 1.31, a quick ratio of 1.52 and a debt-to-equity ratio of 0.77.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Monday, December 10th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, December 7th. Genpact’s dividend payout ratio (DPR) is 20.13%.

In other Genpact news, Director Carol Lindstrom sold 2,630 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $30.44, for a total value of $80,057.20. Following the completion of the sale, the director now directly owns 17,141 shares in the company, valued at $521,772.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.88% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Advisory Inc. lifted its position in Genpact by 8.9% in the second quarter. Brown Advisory Inc. now owns 13,753,374 shares of the business services provider’s stock worth $397,884,000 after purchasing an additional 1,129,478 shares during the period. FMR LLC lifted its position in Genpact by 3.5% in the second quarter. FMR LLC now owns 9,813,587 shares of the business services provider’s stock worth $283,907,000 after purchasing an additional 328,676 shares during the period. Fiduciary Management Inc. WI lifted its position in Genpact by 6.0% in the third quarter. Fiduciary Management Inc. WI now owns 4,735,755 shares of the business services provider’s stock worth $144,961,000 after purchasing an additional 268,585 shares during the period. Alliancebernstein L.P. lifted its position in Genpact by 20.1% in the third quarter. Alliancebernstein L.P. now owns 3,612,107 shares of the business services provider’s stock worth $110,567,000 after purchasing an additional 603,618 shares during the period. Finally, Pzena Investment Management LLC lifted its position in Genpact by 2.2% in the third quarter. Pzena Investment Management LLC now owns 2,816,963 shares of the business services provider’s stock worth $86,227,000 after purchasing an additional 60,258 shares during the period. Hedge funds and other institutional investors own 88.91% of the company’s stock.

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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