Genpact Limited (NYSE:G) Expected to Announce Quarterly Sales of $1.07 Billion

Equities analysts expect Genpact Limited (NYSE:G – Get Rating) to announce sales of $1.07 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Genpact’s earnings, with estimates ranging from $1.05 billion to $1.08 billion. Genpact posted sales of $988.13 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Genpact will report full year sales of $4.39 billion for the current fiscal year, with estimates ranging from $4.37 billion to $4.43 billion. For the next fiscal year, analysts forecast that the firm will post sales of $4.80 billion, with estimates ranging from $4.77 billion to $4.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Genpact.

Genpact (NYSE:G – Get Rating) last posted its earnings results on Thursday, May 5th. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. Genpact had a net margin of 9.03% and a return on equity of 24.48%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year.

Several research firms have weighed in on G. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Genpact from $55.00 to $48.00 in a research note on Friday, May 6th. StockNews.com lowered shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 12th. Citigroup lowered their target price on shares of Genpact from $62.00 to $55.00 in a research note on Monday, February 14th. Finally, Cowen lowered shares of Genpact from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $57.00 to $51.00 in a research note on Monday, February 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Genpact currently has an average rating of “Buy” and a consensus price target of $55.71.

Shares of NYSE:G traded up $1.21 during midday trading on Friday, reaching $44.95. The company had a trading volume of 1,052,297 shares, compared to its average volume of 1,071,827. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s fifty day moving average price is $42.31 and its 200-day moving average price is $46.37. The stock has a market capitalization of $8.32 billion, a P/E ratio of 23.05, a PEG ratio of 1.44 and a beta of 1.41. Genpact has a one year low of $37.68 and a one year high of $54.03.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, June 9th. Genpact’s dividend payout ratio (DPR) is 25.64%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its holdings in Genpact by 25.2% in the second quarter. Morgan Stanley now owns 226,018 shares of the business services provider’s stock worth $10,267,000 after purchasing an additional 45,509 shares during the period. Creative Planning lifted its holdings in Genpact by 67.9% in the third quarter. Creative Planning now owns 4,462 shares of the business services provider’s stock worth $212,000 after purchasing an additional 1,804 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Genpact by 102.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 572 shares of the business services provider’s stock worth $27,000 after purchasing an additional 289 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Genpact by 10.5% in the third quarter. Goldman Sachs Group Inc. now owns 2,379,739 shares of the business services provider’s stock worth $113,062,000 after purchasing an additional 226,899 shares during the period. Finally, BOKF NA acquired a new stake in Genpact in the third quarter worth about $948,000. 95.82% of the stock is owned by institutional investors.

Genpact Company Profile (Get Rating)

Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

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