$0.37 EPS Expected for Genpact (G) This Quarter

Brokerages forecast that Genpact (NYSE:G) will report earnings per share (EPS) of $0.37 for the current quarter, Zacks reports. Seven analysts have issued estimates for Genpact’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.38. Genpact posted earnings per share of $0.31 in the same quarter last year, which indicates a positive year over year growth rate of 19.4%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that Genpact will report full year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.72 to $1.74. For the next fiscal year, analysts forecast that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.92 to $1.99. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Genpact.

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Genpact (NYSE:G) last released its earnings results on Monday, February 12th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. The firm had revenue of $734.41 million for the quarter, compared to analyst estimates of $723.55 million. Genpact had a return on equity of 22.75% and a net margin of 9.61%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS.



A number of analysts have issued reports on G shares. Zacks Investment Research lowered Genpact from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price objective on shares of Genpact in a report on Tuesday, February 13th. BMO Capital Markets lifted their price objective on Genpact to $35.00 and gave the stock a “market perform” rating in a report on Tuesday, February 13th. Citigroup decreased their price objective on Genpact from $39.00 to $37.50 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Finally, JPMorgan Chase decreased their price objective on Genpact from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $34.65.

In related news, Director James C. Madden sold 4,270 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $30.92, for a total value of $132,028.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Patrick Cogny sold 20,153 shares of the business’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $31.96, for a total value of $644,089.88. Following the completion of the sale, the senior vice president now directly owns 56,109 shares in the company, valued at approximately $1,793,243.64. The disclosure for this sale can be found here. Insiders have sold a total of 47,113 shares of company stock worth $1,546,444 in the last three months. 1.88% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. American International Group Inc. acquired a new stake in Genpact in the 4th quarter valued at $114,000. The Manufacturers Life Insurance Company boosted its stake in Genpact by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock valued at $181,000 after buying an additional 455 shares in the last quarter. MML Investors Services LLC acquired a new stake in Genpact in the 4th quarter valued at $246,000. Koch Industries Inc. acquired a new stake in Genpact in the 4th quarter valued at $253,000. Finally, Advisor Group Inc. raised its position in Genpact by 74.6% in the 4th quarter. Advisor Group Inc. now owns 8,758 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 3,741 shares during the last quarter. 90.92% of the stock is currently owned by institutional investors and hedge funds.

G opened at $31.66 on Wednesday. The company has a market capitalization of $6,210.68, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.71. Genpact has a 12-month low of $24.25 and a 12-month high of $34.79.

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Genpact Company Profile

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; over-the counter 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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