Genpact (NYSE:G) Releases FY 2019 Earnings Guidance

Genpact (NYSE:G) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.00-2.02 for the period, compared to the Thomson Reuters consensus estimate of $1.99. The company issued revenue guidance of $3.46-3.5 billion, compared to the consensus revenue estimate of $3.38 billion.

A number of equities analysts recently issued reports on G shares. Wedbush increased their target price on shares of Genpact from $33.00 to $45.00 and gave the company a neutral rating in a research report on Thursday. Deutsche Bank raised their price objective on shares of Genpact from $36.00 to $44.00 and gave the company a hold rating in a research report on Thursday. Bank of America raised their price objective on shares of Genpact from $40.00 to $43.00 and gave the company a buy rating in a research report on Thursday. Zacks Investment Research lowered shares of Genpact from a buy rating to a hold rating in a research report on Thursday, May 9th. Finally, Needham & Company LLC restated a buy rating and set a $48.00 price objective (up previously from $44.00) on shares of Genpact in a research report on Thursday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Genpact presently has an average rating of Buy and a consensus price target of $38.52.

Shares of Genpact stock traded up $0.01 during midday trading on Friday, hitting $41.92. The company had a trading volume of 1,268,912 shares, compared to its average volume of 931,892. The company’s 50 day moving average price is $38.85. The company has a market cap of $7.36 billion, a PE ratio of 26.20, a PEG ratio of 2.12 and a beta of 0.82. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.82. Genpact has a 1-year low of $25.48 and a 1-year high of $44.55.

Genpact (NYSE:G) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. Genpact had a net margin of 8.77% and a return on equity of 22.61%. The firm had revenue of $882.79 million for the quarter, compared to the consensus estimate of $824.84 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. Equities analysts predict that Genpact will post 1.71 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Wednesday, September 11th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.81%. Genpact’s dividend payout ratio is 21.25%.

In related news, insider Private Ltd Gic sold 1,499,806 shares of Genpact stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $36.01, for a total value of $54,008,014.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Heather White sold 1,058 shares of Genpact stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $36.08, for a total value of $38,172.64. The disclosure for this sale can be found here. Insiders sold 10,001,058 shares of company stock valued at $360,138,173 over the last ninety days. 1.86% of the stock is currently owned by company insiders.

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; invoice-to-cash 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.

Further Reading: Outstanding Shares and The Effect on Share Price

Earnings History and Estimates for Genpact (NYSE:G)

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