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.

A number of analysts have commented on the company. Robert W. Baird restated a “buy” rating and issued a $38.00 price target on shares of Genpact in a research report on Friday, November 10th. Cowen restated a “buy” rating and issued a $33.00 price target on shares of Genpact in a research report on Thursday, October 12th. Zacks Investment Research cut Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cantor Fitzgerald restated a “buy” rating and issued a $36.00 price target on shares of Genpact in a research report on Wednesday, November 8th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Genpact in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $33.38.

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%.

ILLEGAL ACTIVITY WARNING: “Analysts Anticipate Genpact Limited (G) Will Post Quarterly Sales of $721.59 Million” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/15/analysts-anticipate-genpact-limited-g-will-post-quarterly-sales-of-721-59-million.html.

About Genpact

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.

Get a free copy of the Zacks research report on Genpact (G)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Genpact (NYSE:G)

Receive News & Ratings for Genpact Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply