Zacks: Analysts Anticipate Genpact Limited (G) to Post $0.48 EPS
Analysts expect Genpact Limited (NYSE:G) to announce $0.48 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Genpact’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.43. Genpact posted earnings per share of $0.43 during the same quarter last year, which indicates a positive year over year growth rate of 11.6%. The company is scheduled to report its next 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 financial year, with EPS estimates ranging from $1.69 to $1.77. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.85 to $2.03. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Genpact.
Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Genpact had a return on equity of 21.95% and a net margin of 9.31%. The firm had revenue of $747.98 million during the quarter, compared to analyst estimates of $754.93 million. During the same quarter last year, the firm earned $0.46 EPS. Genpact’s quarterly revenue was up 5.5% on a year-over-year basis.
NYSE G traded up $0.25 during mid-day trading on Thursday, reaching $30.12. 48,754 shares of the company’s stock traded hands, compared to its average volume of 797,941. Genpact has a 1-year low of $26.46 and a 1-year high of $34.79. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.76. The firm has a market cap of $5.72 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Monday, December 10th will be given a $0.075 dividend. The ex-dividend date is Friday, December 7th. This represents a $0.30 annualized dividend and a dividend yield of 1.00%. Genpact’s payout ratio is 20.13%.
In other news, Director Carol Lindstrom sold 2,630 shares of Genpact 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 transaction, the director now owns 17,141 shares in the company, valued at approximately $521,772.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.88% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. First Hawaiian Bank acquired a new position in shares of Genpact in the 3rd quarter worth approximately $109,000. PNC Financial Services Group Inc. grew its position in shares of Genpact by 108.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,887 shares of the business services provider’s stock worth $120,000 after acquiring an additional 2,026 shares in the last quarter. Fort L.P. acquired a new position in shares of Genpact in the 2nd quarter worth approximately $116,000. Contravisory Investment Management Inc. acquired a new position in shares of Genpact in the 2nd quarter worth approximately $130,000. Finally, SRS Capital Advisors Inc. grew its position 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 worth $139,000 after acquiring an additional 2,264 shares in the last quarter. Institutional investors own 88.91% of the company’s stock.
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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