Media stories about Genpact (NYSE:G) have been trending somewhat positive on Sunday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genpact earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.5371673512462 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Cherry Hill Interiors goes International, starts operations in Sri Lanka (news.webindia123.com)
- Genpact Limited (G) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Genpact Limited (G) Director Sells $132,028.40 in Stock (americanbankingnews.com)
- Wedbush Comments on Genpact Limited’s FY2018 Earnings (G) (americanbankingnews.com)
- FY2018 EPS Estimates for Genpact Limited Cut by SunTrust Banks (G) (americanbankingnews.com)
G has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Genpact from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $36.00 price target on shares of Genpact in a report on Wednesday, November 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 price target on shares of Genpact in a report on Friday, November 10th. Citigroup lowered their price target on Genpact from $39.00 to $37.50 and set a “buy” rating for the company in a report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. lowered their price target on Genpact from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.65.
Genpact (NYSE:G) last posted its quarterly earnings data on Monday, February 12th. The business services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The business had revenue of $734.41 million during the quarter, compared to the consensus estimate of $723.55 million. Genpact had a return on equity of 23.53% and a net margin of 9.61%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. equities research analysts expect that Genpact will post 1.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, March 9th will be issued a $0.075 dividend. This is an increase from Genpact’s previous quarterly dividend of $0.06. This represents a $0.30 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, March 8th. Genpact’s dividend payout ratio is presently 17.91%.
In other news, insider Private Ltd Gic sold 1,499,806 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $30.26, for a total transaction of $45,384,129.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Madden sold 4,270 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $30.92, for a total value of $132,028.40. The disclosure for this sale can be found here. Insiders sold 1,664,740 shares of company stock valued at $50,731,010 over the last three months. Corporate insiders own 1.41% of the company’s stock.
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Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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