Brokers Set Expectations for Genpact Limited’s Q1 2018 Earnings (G)

Genpact Limited (NYSE:G) – William Blair issued their Q1 2018 earnings per share estimates for Genpact in a note issued to investors on Tuesday. William Blair analyst M. Nolan anticipates that the business services provider will post earnings per share of $0.32 for the quarter. William Blair also issued estimates for Genpact’s Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.56 EPS.

Genpact (NYSE:G) last issued its quarterly earnings results on Monday, February 12th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $734.41 million during the quarter, compared to analyst estimates of $723.55 million. Genpact had a net margin of 9.61% and a return on equity of 23.53%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share.

G has been the subject of several other research reports. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 target price on shares of Genpact in a research note on Wednesday, November 8th. Citigroup lowered their target price on shares of Genpact from $39.00 to $37.50 and set a “buy” rating for the company in a research note on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $38.00 target price on shares of Genpact in a research note on Friday, November 10th. Finally, BMO Capital Markets boosted their target price on shares of Genpact to $35.00 and gave the company a “market perform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Genpact currently has an average rating of “Buy” and an average target price of $34.65.

Shares of Genpact (G) opened at $30.83 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. Genpact has a 12 month low of $23.34 and a 12 month high of $34.79. The firm has a market cap of $5,846.46, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.89 and a beta of 0.57.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, March 9th will be issued a dividend of $0.075 per share. This is an increase from Genpact’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.30 annualized dividend and a dividend yield of 0.97%. Genpact’s payout ratio is 17.91%.

In other news, SVP Arvinder Singh sold 22,855 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $32.23, for a total transaction of $736,616.65. Following the completion of the transaction, the senior vice president now owns 37,623 shares of the company’s stock, valued at $1,212,589.29. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Private Ltd Gic sold 1,499,806 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.26, for a total transaction of $45,384,129.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,660,470 shares of company stock valued at $50,598,982. Corporate insiders own 1.41% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Genpact by 6.6% in the fourth quarter. BlackRock Inc. now owns 12,772,040 shares of the business services provider’s stock worth $405,384,000 after purchasing an additional 785,600 shares during the period. Brown Advisory Inc. lifted its holdings in Genpact by 2.0% in the third quarter. Brown Advisory Inc. now owns 12,598,190 shares of the business services provider’s stock worth $362,198,000 after purchasing an additional 247,088 shares during the period. Alliancebernstein L.P. lifted its holdings in Genpact by 10.4% in the fourth quarter. Alliancebernstein L.P. now owns 3,158,448 shares of the business services provider’s stock worth $100,249,000 after purchasing an additional 297,894 shares during the period. Pzena Investment Management LLC lifted its holdings in Genpact by 7.7% in the fourth quarter. Pzena Investment Management LLC now owns 2,843,211 shares of the business services provider’s stock worth $90,243,000 after purchasing an additional 204,077 shares during the period. Finally, Congress Asset Management Co. MA lifted its holdings in Genpact by 1.9% in the fourth quarter. Congress Asset Management Co. MA now owns 2,665,625 shares of the business services provider’s stock worth $84,607,000 after purchasing an additional 50,390 shares during the period. 92.00% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Genpact (NYSE:G)

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