Genpact (NYSE:G) Releases FY 2019 Earnings Guidance

Genpact (NYSE:G) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.00-2.02 for the period, compared to the Thomson Reuters consensus estimate of $1.99. The company issued revenue guidance of $3.46-3.5 billion, compared to the consensus revenue estimate of $3.38 billion.

NYSE G traded up $0.66 during midday trading on Wednesday, hitting $38.68. 947,878 shares of the company traded hands, compared to its average volume of 937,198. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $7.47 billion, a P/E ratio of 24.18, a PEG ratio of 2.15 and a beta of 0.82. The firm has a 50-day simple moving average of $38.66. Genpact has a 52 week low of $25.48 and a 52 week high of $40.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Wednesday, September 11th will be given a $0.085 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.88%. Genpact’s payout ratio is 21.25%.

A number of analysts have recently weighed in on G shares. Zacks Investment Research cut Genpact from a buy rating to a hold rating in a research report on Thursday, May 9th. Needham & Company LLC started coverage on Genpact in a research report on Friday, June 14th. They issued a buy rating for the company. Finally, Wedbush reissued a neutral rating on shares of Genpact in a research report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $33.97.

In related news, insider Private Ltd Gic sold 1,499,806 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $36.01, for a total value of $54,008,014.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heather White sold 1,058 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $36.08, for a total value of $38,172.64. The disclosure for this sale can be found here. Insiders sold a total of 10,001,058 shares of company stock valued at $360,138,173 in the last 90 days. 1.86% of the stock is currently owned by company insiders.

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; 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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