Q1 2018 EPS Estimates for Genpact Limited Reduced by Analyst (G)

Genpact Limited (NYSE:G) – Equities research analysts at SunTrust Banks reduced their Q1 2018 EPS estimates for Genpact in a research note issued to investors on Tuesday. SunTrust Banks analyst F. Atkins now forecasts that the business services provider will post earnings of $0.33 per share for the quarter, down from their prior estimate of $0.35. SunTrust Banks also issued estimates for Genpact’s Q2 2018 earnings at $0.35 EPS, Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.48 EPS and Q4 2019 earnings at $0.51 EPS.

Genpact (NYSE:G) last issued its earnings results on Monday, February 12th. The business services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The business had revenue of $734.41 million for 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 company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Genpact from a “hold” rating to a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Genpact from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday. BMO Capital Markets raised their target price on shares of Genpact to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday. Citigroup cut their price objective on shares of Genpact from $39.00 to $37.50 and set a “buy” rating on the stock in a report on Tuesday. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price objective on shares of Genpact in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.65.

Genpact (NYSE:G) opened at $30.83 on Thursday. The company has a market cap of $5,846.46, a P/E ratio of 23.01, a PEG ratio of 1.89 and a beta of 0.57. Genpact has a 1 year low of $23.34 and a 1 year high of $34.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in G. Ameriprise Financial Inc. grew its holdings in Genpact by 3.1% in the second quarter. Ameriprise Financial Inc. now owns 30,196 shares of the business services provider’s stock worth $840,000 after purchasing an additional 907 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Genpact by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,487,882 shares of the business services provider’s stock worth $41,409,000 after purchasing an additional 162,487 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Genpact in the second quarter worth $335,000. The Manufacturers Life Insurance Company grew its holdings in Genpact by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock worth $181,000 after purchasing an additional 455 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Genpact in the second quarter worth $210,000. 92.00% of the stock is currently owned by institutional investors and hedge funds.

In other Genpact news, insider Private Ltd Gic sold 1,499,806 shares of Genpact stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mohit Thukral sold 25,000 shares of Genpact stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $32.25, for a total transaction of $806,250.00. Following the completion of the transaction, the insider now directly owns 85,305 shares in the company, valued at $2,751,086.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,660,470 shares of company stock worth $50,598,982. 1.41% of the stock is currently owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, March 9th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.97%. This is a positive change from Genpact’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 8th. Genpact’s dividend payout ratio (DPR) is presently 17.91%.

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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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