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.
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.
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