Genpact Limited (G) Expected to Announce Earnings of $0.48 Per Share

Equities research analysts expect Genpact Limited (NYSE:G) to post earnings per share (EPS) of $0.48 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Genpact’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.50. Genpact reported earnings per share of $0.43 in the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The firm is expected to announce its next earnings results on Monday, February 11th.

On average, analysts expect that Genpact will report full-year earnings of $1.75 per share for the current financial year, with EPS estimates ranging from $1.69 to $1.77. For the next year, analysts expect that the firm will post earnings of $1.97 per share, with EPS estimates ranging from $1.85 to $2.08. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Genpact.

Genpact (NYSE:G) last released its earnings results on Tuesday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Genpact had a net margin of 9.31% and a return on equity of 22.26%. The business had revenue of $747.98 million during the quarter, compared to analysts’ expectations of $754.93 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis.

G has been the subject of a number of analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price target on shares of Genpact in a research note on Wednesday, August 8th. SunTrust Banks restated a “buy” rating and set a $37.00 price target on shares of Genpact in a research note on Thursday, August 9th. JPMorgan Chase & Co. cut shares of Genpact from a “neutral” rating to an “underweight” rating and set a $37.00 price target for the company. in a research note on Tuesday, August 14th. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Finally, Cowen restated a “buy” rating and set a $35.00 price target on shares of Genpact in a research note on Wednesday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.31.

A number of institutional investors and hedge funds have recently made changes to their positions in G. FIL Ltd bought a new position in Genpact during the third quarter worth about $55,908,000. Brown Advisory Inc. raised its stake in shares of Genpact by 8.9% in the second quarter. Brown Advisory Inc. now owns 13,753,374 shares of the business services provider’s stock valued at $397,884,000 after acquiring an additional 1,129,478 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Genpact by 1,103.8% in the third quarter. Wells Fargo & Company MN now owns 718,251 shares of the business services provider’s stock valued at $21,985,000 after acquiring an additional 658,586 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Genpact by 20.1% in the third quarter. Alliancebernstein L.P. now owns 3,612,107 shares of the business services provider’s stock valued at $110,567,000 after acquiring an additional 603,618 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its stake in shares of Genpact by 712.9% in the second quarter. Grandeur Peak Global Advisors LLC now owns 670,875 shares of the business services provider’s stock valued at $19,408,000 after acquiring an additional 588,350 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

NYSE G opened at $30.38 on Friday. The stock has a market capitalization of $5.75 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.93 and a beta of 0.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.31 and a quick ratio of 1.31. Genpact has a twelve month low of $26.46 and a twelve month high of $34.79.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 7th. Genpact’s dividend payout ratio is 20.13%.

About Genpact

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; over-the counter 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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