Genpact Limited (NYSE:G) – SunTrust Banks lowered their Q3 2018 earnings per share (EPS) estimates for Genpact in a research report issued on Wednesday, August 8th. SunTrust Banks analyst F. Atkins now expects that the business services provider will earn $0.41 per share for the quarter, down from their previous forecast of $0.43. SunTrust Banks currently has a “Buy” rating and a $37.00 target price on the stock. SunTrust Banks also issued estimates for Genpact’s Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.57 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $1.79 EPS.

Several other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Genpact from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price target on shares of Genpact in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Genpact has a consensus rating of “Buy” and a consensus price target of $36.06.

Shares of NYSE G opened at $30.23 on Monday. Genpact has a 1 year low of $27.83 and a 1 year high of $34.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market cap of $5.78 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.95 and a beta of 0.57.

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $728.56 million during the quarter, compared to the consensus estimate of $734.51 million. Genpact had a net margin of 9.44% and a return on equity of 21.86%.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Monday, September 10th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, September 7th. Genpact’s dividend payout ratio (DPR) is presently 20.13%.

In other Genpact news, SVP Heather White sold 1,367 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.88% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in G. Twin Tree Management LP bought a new position in shares of Genpact in the first quarter worth approximately $120,000. Contravisory Investment Management Inc. bought a new position in shares of Genpact in the second quarter worth approximately $130,000. Signaturefd LLC bought a new position in shares of Genpact in the first quarter worth approximately $176,000. Synovus Financial Corp bought a new position in shares of Genpact in the first quarter worth approximately $188,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Genpact in the second quarter worth approximately $188,000. Institutional investors and hedge funds own 88.10% of the company’s stock.

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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Earnings History and Estimates for Genpact (NYSE:G)

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