Analysts Expect Genpact Limited (G) to Announce $0.41 Earnings Per Share
Equities research analysts forecast that Genpact Limited (NYSE:G) will report $0.41 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Genpact Limited’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.40. Genpact Limited posted earnings of $0.43 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 4.7%. The firm is scheduled to report its next quarterly earnings results on Friday, February 9th.
On average, analysts expect that Genpact Limited 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 year, analysts forecast that the firm will report earnings of $1.77 per share, with EPS estimates ranging from $1.65 to $1.81. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Genpact Limited.
Genpact Limited (NYSE:G) last released its earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Genpact Limited 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 the consensus estimate of $685.25 million. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue was up 9.3% compared to the same quarter last year.
A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target 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. Robert W. Baird reiterated an “outperform” rating and issued a $34.00 price target on shares of Genpact Limited in a research report on Wednesday, August 16th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 price target on shares of Genpact Limited in a research report on Wednesday, November 8th. Cowen and Company set a $33.00 price target on shares of Genpact Limited and gave the company a “buy” rating in a research report on Tuesday, August 15th. Finally, Deutsche Bank AG increased their target price on Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.38.
Shares of Genpact Limited (NYSE:G) traded up $0.17 during trading hours on Wednesday, hitting $31.44. 1,107,600 shares of the company were exchanged, compared to its average volume of 1,029,819. The firm has a market cap of $6,036.44, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.13 and a beta of 0.58. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.77. Genpact Limited has a 1-year low of $23.34 and a 1-year high of $31.93.
In other Genpact Limited news, insider Piyush Mehta sold 17,017 shares of the firm’s stock in a transaction 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 sale, the insider now owns 82,461 shares of the company’s stock, valued at approximately $2,556,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mohit Thukral sold 25,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $28.37, for a total value of $709,250.00. Following the sale, the insider now directly owns 85,305 shares of the company’s stock, valued at approximately $2,420,102.85. The disclosure for this sale can be found here. Insiders sold 1,562,551 shares of company stock valued at $47,242,747 over the last three months. 1.41% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in G. Brown Advisory Inc. lifted its holdings in shares of Genpact Limited by 2.0% during the third quarter. Brown Advisory Inc. now owns 12,598,190 shares of the business services provider’s stock worth $362,198,000 after buying an additional 247,088 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Genpact Limited by 40.1% during the second quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock worth $299,483,000 after buying an additional 3,080,741 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Genpact Limited by 1.5% during the second quarter. Pzena Investment Management LLC now owns 2,670,064 shares of the business services provider’s stock worth $74,308,000 after buying an additional 38,353 shares in the last quarter. Congress Asset Management Co. MA lifted its holdings in shares of Genpact Limited by 8.4% during the second quarter. Congress Asset Management Co. MA now owns 2,557,213 shares of the business services provider’s stock worth $71,167,000 after buying an additional 199,012 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Genpact Limited by 25.5% during the third quarter. Schroder Investment Management Group now owns 1,624,084 shares of the business services provider’s stock worth $46,497,000 after buying an additional 329,746 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.
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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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