Genpact Limited (G) Expected to Earn Q4 2018 Earnings of $0.45 Per Share
Genpact Limited (NYSE:G) – Equities researchers at SunTrust Banks dropped their Q4 2018 earnings estimates for Genpact Limited in a note issued to investors on Thursday. SunTrust Banks analyst F. Atkins now anticipates that the business services provider will earn $0.45 per share for the quarter, down from their previous estimate of $0.47.
Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, August 8th. BidaskClub downgraded shares of 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 shares of Genpact Limited and gave the company a “buy” rating in a research report on Tuesday, August 15th. Deutsche Bank AG boosted their price objective on shares of Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, BMO Capital Markets boosted their price objective on shares of Genpact Limited from $26.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.14.
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Shares of Genpact Limited (G) traded down 0.11% during trading on Friday, hitting $28.08. The stock had a trading volume of 144,722 shares. The stock has a market capitalization of $5.42 billion, a P/E ratio of 21.21 and a beta of 0.50. Genpact Limited has a 12-month low of $22.58 and a 12-month high of $31.93. The stock’s 50-day moving average is $28.77 and its 200-day moving average is $26.46.
Genpact Limited (NYSE:G) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The business had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. During the same period in the prior year, the firm posted $0.36 EPS. Genpact Limited’s quarterly revenue was up 6.4% compared to the same quarter last year.
The firm also recently disclosed a special dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 8th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 0.84%. Genpact Limited’s dividend payout ratio is 18.05%.
In related news, CFO Edward J. Fitzpatrick sold 57,934 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $28.54, for a total value of $1,653,436.36. Following the sale, the chief financial officer now owns 113,520 shares of the company’s stock, valued at $3,239,860.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mohit Thukral sold 25,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $28.37, for a total transaction of $709,250.00. Following the completion of the sale, the insider now directly owns 85,305 shares in the company, valued at approximately $2,420,102.85. The disclosure for this sale can be found here. In the last three months, insiders sold 10,358,442 shares of company stock worth $297,475,276. 1.55% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC grew its stake in shares of Genpact Limited by 5.2% in the second 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 last quarter. Acrospire Investment Management LLC grew its stake in shares of Genpact Limited by 569.8% in the second 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 last quarter. SG Americas Securities LLC bought a new stake in shares of Genpact Limited in the first quarter worth $110,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Genpact Limited by 42.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,959 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,480 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Genpact Limited by 85.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock worth $129,000 after purchasing an additional 2,403 shares during the last quarter. 92.16% of the stock is currently owned by institutional investors.
Genpact Limited Company Profile
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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