Analysts Anticipate Genpact Limited (G) to Announce $0.40 EPS
Brokerages expect Genpact Limited (NYSE:G) to post $0.40 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Genpact Limited’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.40. Genpact Limited reported earnings of $0.37 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.1%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, November 7th.
On average, analysts expect that Genpact Limited will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.57. For the next fiscal year, analysts expect that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.64 to $1.79. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Genpact Limited.
Genpact Limited (NYSE:G) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.10. The company had revenue of $670.70 million for the quarter, compared to analyst estimates of $642.68 million. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS.
G has been the subject of several research analyst reports. Zacks Investment Research raised Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, August 8th. Robert W. Baird reissued an “outperform” rating and set a $36.00 target price (up previously from $34.00) on shares of Genpact Limited in a research note on Tuesday, October 10th. Wedbush reissued an “outperform” rating and set a $33.00 target price on shares of Genpact Limited in a research note on Wednesday, August 9th. BMO Capital Markets reissued a “hold” rating on shares of Genpact Limited in a research note on Friday, October 6th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $32.00 target price on shares of Genpact Limited in a research note on Wednesday, September 13th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $32.38.
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In other news, insider Piyush Mehta sold 20,728 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $30.00, for a total transaction of $621,840.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Private Ltd Gic sold 1,501,126 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $28.72, for a total value of $43,112,338.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,379,170 shares of company stock worth $298,097,116. Company insiders own 1.41% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC bought a new stake in Genpact Limited in the second quarter valued at approximately $886,000. Renaissance Technologies LLC bought a new stake in Genpact Limited in the first quarter valued at approximately $19,870,000. Dalton Investments LLC boosted its holdings in Genpact Limited by 6.0% in the second quarter. Dalton Investments LLC now owns 839,960 shares of the business services provider’s stock valued at $23,376,000 after acquiring an additional 47,300 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Genpact Limited by 97.9% in the second quarter. Voya Investment Management LLC now owns 112,834 shares of the business services provider’s stock valued at $3,140,000 after acquiring an additional 55,809 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Genpact Limited by 108.4% in the first quarter. UBS Group AG now owns 28,743 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 14,951 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.
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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