Zacks: Brokerages Expect Genpact Limited (G) to Announce $0.40 EPS
Analysts predict that Genpact Limited (NYSE:G) will report earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Genpact’s earnings, with estimates ranging from $0.38 to $0.42. Genpact posted earnings per share of $0.39 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, May 2nd.
According to Zacks, analysts expect that Genpact will report full year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.96 to $2.01. For the next financial year, analysts forecast that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $2.20 to $2.26. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Genpact.
Genpact (NYSE:G) last announced its earnings results on Thursday, February 7th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Genpact had a net margin of 9.40% and a return on equity of 23.24%. The business had revenue of $835.34 million during the quarter, compared to analyst estimates of $810.98 million. During the same period in the previous year, the business posted $0.43 earnings per share. Genpact’s revenue for the quarter was up 13.7% on a year-over-year basis.
Genpact stock traded up $0.26 during mid-day trading on Thursday, hitting $36.33. 22,798 shares of the company traded hands, compared to its average volume of 832,036. Genpact has a one year low of $25.48 and a one year high of $36.19. The firm has a market cap of $6.78 billion, a PE ratio of 22.72, a PEG ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.39.
In related news, insider Patrick Cogny sold 9,943 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $33.36, for a total transaction of $331,698.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Private Ltd Gic sold 1,499,806 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $32.22, for a total value of $48,323,749.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,755,440 shares of company stock valued at $57,125,519. Company insiders own 1.88% of the company’s stock.
A number of large investors have recently modified their holdings of G. Bremer Trust National Association purchased a new stake in Genpact in the 4th quarter valued at $36,000. PNC Financial Services Group Inc. grew its holdings in Genpact by 108.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,887 shares of the business services provider’s stock valued at $120,000 after buying an additional 2,026 shares in the last quarter. Sit Investment Associates Inc. grew its holdings in Genpact by 19.5% in the 4th quarter. Sit Investment Associates Inc. now owns 5,675 shares of the business services provider’s stock valued at $153,000 after buying an additional 925 shares in the last quarter. First Hawaiian Bank grew its holdings in Genpact by 67.0% in the 4th quarter. First Hawaiian Bank now owns 5,968 shares of the business services provider’s stock valued at $161,000 after buying an additional 2,395 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Genpact in the 4th quarter valued at $162,000. Institutional investors own 89.95% of the company’s stock.
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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