Genpact Limited to Issue Quarterly Dividend of $0.19 (NYSE:G)

Genpact Limited (NYSE:G) declared a quarterly dividend on Thursday, July 16th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.1875 per share by the business services provider on Thursday, September 24th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 10th.

Genpact has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. Genpact has a dividend payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Genpact to earn $4.03 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 18.6%.

Genpact Price Performance

Shares of G opened at $31.23 on Friday. Genpact has a twelve month low of $26.85 and a twelve month high of $48.64. The firm’s fifty day simple moving average is $30.57 and its 200-day simple moving average is $36.66. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 0.85 and a beta of 0.61. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Genpact (NYSE:G) last issued its earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. The firm had revenue of $1.30 billion during the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. Equities analysts forecast that Genpact will post 3.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on G shares. Mizuho decreased their price target on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Genpact in a research note on Friday, May 8th. TD Cowen lowered their price target on Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Susquehanna lowered their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Genpact presently has an average rating of “Hold” and a consensus price target of $40.25.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.