Analysts Anticipate Genpact Limited (G) Will Post Quarterly Sales of $721.59 Million
Equities analysts predict that Genpact Limited (NYSE:G) will report $721.59 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Genpact’s earnings. The highest sales estimate is $727.63 million and the lowest is $717.82 million. Genpact reported sales of $681.75 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, February 12th.
On average, analysts expect that Genpact will report full year sales of $721.59 million for the current fiscal year, with estimates ranging from $2.70 billion to $2.73 billion. For the next fiscal year, analysts anticipate that the firm 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 an average based on a survey of analysts that follow Genpact.
Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $708.82 million during the quarter, compared to analysts’ expectations of $685.25 million. Genpact had a return on equity of 23.86% and a net margin of 10.18%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share.
In related news, SVP Piyush Mehta sold 12,500 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $32.00, for a total transaction of $400,000.00. Following the completion of the transaction, the senior vice president now directly owns 77,944 shares of the company’s stock, valued at $2,494,208. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Private Ltd Gic sold 1,499,806 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $30.26, for a total value of $45,384,129.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,675,525 shares of company stock valued at $50,978,024. Corporate insiders own 1.41% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC boosted its stake in Genpact by 5.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after buying an additional 189 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Genpact by 569.8% during the second quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after buying an additional 3,419 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Genpact during the third quarter valued at approximately $128,000. Advisor Group Inc. boosted its stake in Genpact by 59.8% during the third quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock valued at $145,000 after buying an additional 1,878 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Genpact by 27.0% during the second quarter. SG Americas Securities LLC now owns 5,642 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,200 shares during the last quarter. 91.16% of the stock is owned by institutional investors.
Shares of Genpact (G) traded down $0.18 on Monday, reaching $33.12. The company’s stock had a trading volume of 920,300 shares, compared to its average volume of 939,722. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $6,393.56, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.06 and a beta of 0.58. Genpact has a fifty-two week low of $23.34 and a fifty-two week high of $33.75.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Friday, December 8th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Thursday, December 7th. Genpact’s dividend payout ratio (DPR) is 17.39%.
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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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