Brokerages predict that Genpact Limited (NYSE:G) will announce $761.66 million in sales for the current quarter, Zacks reports. Seven analysts have made estimates for Genpact’s earnings, with the lowest sales estimate coming in at $755.30 million and the highest estimate coming in at $774.96 million. Genpact posted sales of $708.82 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The firm is scheduled to announce its next earnings results on Tuesday, November 6th.
On average, analysts expect that Genpact will report full-year sales of $2.98 billion for the current fiscal year, with estimates ranging from $2.96 billion to $3.00 billion. For the next year, analysts anticipate that the firm will post sales of $3.24 billion, with estimates ranging from $3.20 billion to $3.29 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Genpact.
Genpact (NYSE:G) last issued its earnings results on Tuesday, August 7th. The business services provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Genpact had a net margin of 9.44% and a return on equity of 22.15%. The business had revenue of $728.56 million for the quarter, compared to the consensus estimate of $734.51 million.
Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $36.00 price target on shares of Genpact in a research note on Wednesday, August 8th. Zacks Investment Research downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. SunTrust Banks reaffirmed a “buy” rating and set a $37.00 price target on shares of Genpact in a research note on Thursday, August 9th. Finally, JPMorgan Chase & Co. downgraded shares of Genpact from a “neutral” rating to an “underweight” rating and set a $37.00 price target on the stock. in a research note on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.06.
In other news, SVP Heather White sold 1,367 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $31.00, for a total value of $42,377.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol Lindstrom sold 2,630 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $30.44, for a total transaction of $80,057.20. Following the completion of the sale, the director now directly owns 17,141 shares of the company’s stock, valued at approximately $521,772.04. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in G. United Services Automobile Association boosted its holdings in shares of Genpact by 10.6% in the 2nd quarter. United Services Automobile Association now owns 587,776 shares of the business services provider’s stock valued at $17,004,000 after buying an additional 56,446 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Genpact by 88.6% in the 2nd quarter. SRS Capital Advisors Inc. now owns 4,820 shares of the business services provider’s stock valued at $139,000 after buying an additional 2,264 shares during the period. Global X Management Co LLC acquired a new position in shares of Genpact in the 2nd quarter valued at about $225,000. Hahn Capital Management LLC boosted its holdings in shares of Genpact by 10.6% in the 2nd quarter. Hahn Capital Management LLC now owns 1,029,829 shares of the business services provider’s stock valued at $29,793,000 after buying an additional 98,807 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Genpact in the 2nd quarter valued at about $880,000. 88.24% of the stock is owned by institutional investors.
Shares of G stock opened at $30.61 on Friday. Genpact has a 52 week low of $28.61 and a 52 week high of $34.79. The firm has a market capitalization of $5.82 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.97 and a beta of 0.53. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Monday, September 10th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, September 7th. Genpact’s payout ratio is currently 20.13%.
Genpact Company Profile
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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