Genpact (NYSE:G) posted its quarterly earnings data on Monday. The business services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02, Bloomberg Earnings reports. Genpact had a return on equity of 23.86% and a net margin of 10.18%. The firm had revenue of $734.41 million during the quarter, compared to analyst estimates of $723.55 million. During the same period last year, the company posted $0.43 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Genpact updated its FY18 guidance to $1.70-1.74 EPS.
Shares of Genpact (NYSE G) opened at $32.30 on Tuesday. Genpact has a 12-month low of $23.34 and a 12-month high of $34.79. The company has a market capitalization of $6,240.00, a PE ratio of 23.41, a P/E/G ratio of 1.98 and a beta of 0.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65.
In related news, insider Private Ltd Gic sold 1,499,806 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $30.26, for a total value of $45,384,129.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arvinder Singh sold 22,690 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.95, for a total value of $770,325.50. The disclosure for this sale can be found here. Insiders sold a total of 1,660,470 shares of company stock valued at $50,598,982 over the last ninety days. 1.41% of the stock is currently owned by corporate insiders.
G has been the subject of several research analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price objective on shares of Genpact in a research report on Wednesday, November 8th. Zacks Investment Research raised Genpact from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research report on Friday, November 10th. Finally, Robert W. Baird reissued a “buy” rating and issued a $38.00 price objective on shares of Genpact in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.38.
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Genpact 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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