Brokerages expect Genpact Limited (NYSE:G) to report sales of $641.60 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Genpact Limited’s earnings. The highest sales estimate is $653.08 million and the lowest is $633.00 million. Genpact Limited posted sales of $630.52 million during the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, August 2nd.
On average, analysts expect that Genpact Limited will report full-year sales of $641.60 million for the current fiscal year, with estimates ranging from $2.66 billion to $2.69 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.86 billion per share, with estimates ranging from $2.78 billion to $2.93 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Genpact Limited.
Genpact Limited (NYSE:G) last released its earnings results on Thursday, May 4th. The business services provider reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $623 million during the quarter, compared to the consensus estimate of $614.84 million. Genpact Limited had a return on equity of 22.24% and a net margin of 10.23%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share.
G has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating on shares of Genpact Limited in a research note on Friday, March 17th. Zacks Investment Research upgraded Genpact Limited from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Friday, April 14th. BMO Capital Markets reiterated a “hold” rating and issued a $25.00 price target on shares of Genpact Limited in a research note on Thursday, March 23rd. Finally, BidaskClub upgraded Genpact Limited from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.38.
In related news, insider Mohit Thukral sold 27,228 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $27.21, for a total transaction of $740,873.88. Following the completion of the transaction, the insider now directly owns 68,845 shares of the company’s stock, valued at approximately $1,873,272.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James C. Madden sold 5,224 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $25.51, for a total value of $133,264.24. Following the transaction, the director now directly owns 8,970 shares of the company’s stock, valued at $228,824.70. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Genpact Limited during the first quarter valued at about $110,000. Bronfman E.L. Rothschild L.P. raised its position 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 valued at $123,000 after buying an additional 1,480 shares in the last quarter. BNP Paribas Arbitrage SA raised its position 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 valued at $129,000 after buying an additional 2,403 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in shares of Genpact Limited during the first quarter valued at about $168,000. Finally, Sawtooth Solutions LLC bought a new position in shares of Genpact Limited during the first quarter valued at about $220,000. 93.94% of the stock is owned by institutional investors and hedge funds.
Genpact Limited (G) traded up 0.47% during midday trading on Wednesday, hitting $27.90. The stock had a trading volume of 393,590 shares. The company has a market capitalization of $5.38 billion, a PE ratio of 21.92 and a beta of 0.50. Genpact Limited has a 52 week low of $22.58 and a 52 week high of $28.27. The company’s 50-day moving average price is $27.12 and its 200 day moving average price is $25.04.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Investors of record on Monday, June 12th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, June 8th. Genpact Limited’s dividend payout ratio is currently 18.75%.
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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