Zacks: Brokerages Expect Genpact Limited (G) Will Post Quarterly Sales of $807.28 Million

Wall Street brokerages expect Genpact Limited (NYSE:G) to post $807.28 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Genpact’s earnings, with the lowest sales estimate coming in at $797.09 million and the highest estimate coming in at $817.92 million. Genpact reported sales of $734.41 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.9%. The business is scheduled to issue its next earnings report on Monday, February 11th.

According to Zacks, analysts expect that Genpact will report full year sales of $2.98 billion for the current year, with estimates ranging from $2.96 billion to $2.99 billion. For the next year, analysts forecast that the company will report sales of $3.25 billion, with estimates ranging from $3.22 billion to $3.28 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Genpact.

Genpact (NYSE:G) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The business had revenue of $747.98 million during the quarter, compared to the consensus estimate of $754.93 million. Genpact had a return on equity of 21.95% and a net margin of 9.31%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share.

Several brokerages recently weighed in on G. SunTrust Banks reaffirmed a “buy” rating and set a $37.00 price target on shares of Genpact in a report on Thursday, August 9th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $36.00 price target on shares of Genpact in a report on Wednesday. Cowen reaffirmed a “buy” rating and set a $35.00 price target on shares of Genpact in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on Genpact from $33.00 to $32.00 and set an “underweight” rating for the company in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised Genpact from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Genpact currently has a consensus rating of “Hold” and an average target price of $35.28.

Shares of NYSE G opened at $30.12 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 1.52. Genpact has a 1-year low of $26.46 and a 1-year high of $34.79. The firm has a market cap of $5.20 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.76 and a beta of 0.64.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Monday, December 10th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, December 7th. Genpact’s dividend payout ratio is presently 20.13%.

In related news, Director Carol Lindstrom sold 2,630 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $30.44, for a total transaction of $80,057.20. Following the completion of the sale, the director now directly owns 17,141 shares of the company’s stock, valued at $521,772.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.41% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. raised its position in Genpact by 24.4% in the third quarter. First Mercantile Trust Co. now owns 9,990 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,960 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Genpact by 108.9% in the third 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. Intrust Bank NA raised its position in Genpact by 9.4% in the second quarter. Intrust Bank NA now owns 24,423 shares of the business services provider’s stock worth $707,000 after acquiring an additional 2,102 shares in the last quarter. Strs Ohio raised its position in Genpact by 14.4% in the third quarter. Strs Ohio now owns 16,701 shares of the business services provider’s stock worth $511,000 after acquiring an additional 2,107 shares in the last quarter. Finally, OLD National Bancorp IN raised its position in Genpact by 5.4% in the second quarter. OLD National Bancorp IN now owns 41,317 shares of the business services provider’s stock worth $1,195,000 after acquiring an additional 2,116 shares in the last quarter. Hedge funds and other institutional investors own 88.59% of the company’s stock.

About Genpact

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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