Genpact (NYSE:G) Issues FY19 Earnings Guidance

Genpact (NYSE:G) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $2.02-2.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.02. The company issued revenue guidance of $3.46-3.5 billion, compared to the consensus revenue estimate of $3.49 billion.

Shares of G stock traded up $0.19 during trading hours on Thursday, reaching $40.38. The company’s stock had a trading volume of 1,480,484 shares, compared to its average volume of 1,016,859. The firm’s 50 day simple moving average is $38.72 and its 200-day simple moving average is $38.41. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.12 and a beta of 0.79. Genpact has a fifty-two week low of $25.48 and a fifty-two week high of $44.55. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.78.

Genpact (NYSE:G) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. Genpact had a return on equity of 21.87% and a net margin of 8.77%. The firm had revenue of $882.79 million for the quarter, compared to the consensus estimate of $824.84 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was up 21.2% compared to the same quarter last year. Sell-side analysts predict that Genpact will post 1.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 9th will be issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, December 6th. Genpact’s dividend payout ratio (DPR) is 21.25%.

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a buy rating and set a $48.00 target price (up from $44.00) on shares of Genpact in a report on Thursday, August 8th. ValuEngine downgraded Genpact from a buy rating to a hold rating in a report on Friday, September 27th. Wedbush lifted their target price on Genpact from $33.00 to $45.00 and gave the stock a neutral rating in a report on Thursday, August 8th. Deutsche Bank lifted their target price on Genpact from $36.00 to $44.00 and gave the stock a hold rating in a report on Thursday, August 8th. Finally, Cantor Fitzgerald lifted their target price on Genpact from $40.00 to $47.00 and gave the stock an overweight rating in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $39.70.

In related news, insider Private Ltd Gic sold 1,878,196 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $40.51, for a total value of $76,085,719.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Balkrishan Kalra sold 10,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $40.97, for a total value of $409,700.00. Following the completion of the sale, the senior vice president now directly owns 164,016 shares of the company’s stock, valued at $6,719,735.52. The disclosure for this sale can be found here. Insiders sold a total of 12,580,720 shares of company stock valued at $509,578,468 over the last ninety days. 1.86% of the stock is currently owned by corporate insiders.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Earnings History and Estimates for Genpact (NYSE:G)

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