Q2 2018 Earnings Forecast for Genpact Limited Issued By Wedbush (G)

Genpact Limited (NYSE:G) – Investment analysts at Wedbush reduced their Q2 2018 earnings per share estimates for Genpact in a report released on Tuesday. Wedbush analyst M. Katri now anticipates that the business services provider will earn $0.37 per share for the quarter, down from their prior estimate of $0.39. Wedbush also issued estimates for Genpact’s Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.38 EPS, Q2 2019 earnings at $0.42 EPS and Q3 2019 earnings at $0.52 EPS.

Genpact (NYSE:G) last released its quarterly earnings data on Monday, February 12th. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $734.41 million for the quarter, compared to the consensus estimate of $723.55 million. Genpact had a return on equity of 23.53% and a net margin of 9.61%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Genpact from a “hold” rating to a “sell” rating in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on Genpact from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday. Citigroup decreased their price objective on Genpact from $39.00 to $37.50 and set a “buy” rating on the stock in a report on Tuesday. BMO Capital Markets lifted their price objective on Genpact to $35.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $36.00 price objective on shares of Genpact in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $34.65.

Shares of Genpact (NYSE G) opened at $30.83 on Thursday. 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 firm has a market capitalization of $5,846.46, a P/E ratio of 23.01, a price-to-earnings-growth 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, March 9th will be issued a $0.075 dividend. This is an increase from Genpact’s previous quarterly dividend of $0.06. This represents a $0.30 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, March 8th. Genpact’s payout ratio is presently 17.91%.

In related news, insider Private Ltd Gic sold 1,499,806 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mohit Thukral sold 25,000 shares of the business’s stock in a transaction that occurred 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 owns 85,305 shares of the company’s stock, valued at approximately $2,751,086.25. The disclosure for this sale can be found here. Insiders sold a total of 1,660,470 shares of company stock worth $50,598,982 over the last three months. 1.41% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its position in shares of Genpact by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 455 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Genpact by 3.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 30,196 shares of the business services provider’s stock valued at $840,000 after acquiring an additional 907 shares during the last quarter. Sit Investment Associates Inc. raised its position in shares of Genpact by 4.5% during the 4th quarter. Sit Investment Associates Inc. now owns 37,100 shares of the business services provider’s stock valued at $1,178,000 after acquiring an additional 1,590 shares during the last quarter. FDx Advisors Inc. raised its position in shares of Genpact by 2.9% during the 3rd quarter. FDx Advisors Inc. now owns 61,488 shares of the business services provider’s stock valued at $1,768,000 after acquiring an additional 1,713 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Genpact by 12.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 16,466 shares of the business services provider’s stock valued at $473,000 after acquiring an additional 1,816 shares during the last quarter. Hedge funds and other institutional investors own 92.00% of the company’s stock.

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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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