Equities research analysts expect Genpact Limited (NYSE:G) to report sales of $721.64 million for the current quarter, Zacks reports. Seven analysts have issued estimates for Genpact’s earnings, with the highest sales estimate coming in at $727.94 million and the lowest estimate coming in at $717.82 million. Genpact posted sales of $681.75 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The business is scheduled to issue its next quarterly earnings results on Friday, February 9th.
According to Zacks, analysts expect that Genpact will report full year sales of $721.64 million for the current financial year, with estimates ranging from $2.70 billion to $2.73 billion. For the next year, analysts anticipate that the business will post sales of $2.89 billion per share, with estimates ranging from $2.85 billion to $2.95 billion. Zacks Investment Research’s 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 7th. The business services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The company had revenue of $708.82 million for the quarter, compared to analyst estimates of $685.25 million. During the same period in the previous year, the business posted $0.37 earnings per share. Genpact’s quarterly revenue was up 9.3% on a year-over-year basis.
Genpact (NYSE:G) opened at $32.12 on Tuesday. Genpact has a one year low of $23.34 and a one year high of $32.65. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. The stock has a market cap of $6,283.53, a PE ratio of 21.14, a PEG ratio of 2.22 and a beta of 0.58.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 8th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, December 7th. Genpact’s payout ratio is 17.39%.
In other Genpact news, insider Mohit Thukral sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $32.25, for a total transaction of $806,250.00. Following the transaction, the insider now owns 85,305 shares of the company’s stock, valued at $2,751,086.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Piyush Mehta sold 17,017 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $31.00, for a total transaction of $527,527.00. Following the completion of the sale, the insider now directly owns 82,461 shares of the company’s stock, valued at approximately $2,556,291. The disclosure for this sale can be found here. Insiders have sold 1,652,670 shares of company stock worth $50,241,407 in the last three months. Insiders own 1.41% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in G. YorkBridge Wealth Partners LLC increased its position in shares of Genpact by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after acquiring an additional 189 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Genpact by 569.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 3,419 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Genpact during the 3rd quarter valued at $128,000. Bronfman E.L. Rothschild L.P. grew its holdings in Genpact by 1.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 94 shares in the last quarter. Finally, Advisor Group Inc. grew its holdings in Genpact by 59.8% during the 3rd quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 1,878 shares in the last quarter. 91.16% of the stock is owned by institutional investors.
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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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