Genpact (NYSE:G) Announces Quarterly Earnings Results

Genpact (NYSE:GGet Rating) announced its earnings results on Thursday. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.53 by $0.07, Briefing.com reports. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Genpact had a net margin of 9.19% and a return on equity of 24.65%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the company posted $0.53 earnings per share. Genpact updated its FY22 guidance to $2.60-2.76 EPS.

Shares of G traded up $2.11 during mid-day trading on Friday, hitting $40.54. 2,467,408 shares of the company’s stock were exchanged, compared to its average volume of 900,999. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.22 and a beta of 1.41. The firm has a fifty day moving average of $42.35 and a two-hundred day moving average of $47.18. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.67. Genpact has a twelve month low of $37.68 and a twelve month high of $54.03.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record on Thursday, March 10th were paid a $0.125 dividend. The ex-dividend date was Wednesday, March 9th. This is a boost from Genpact’s previous quarterly dividend of $0.11. This represents a $0.50 dividend on an annualized basis and a yield of 1.23%. Genpact’s payout ratio is 25.64%.

A number of institutional investors have recently bought and sold shares of G. EverSource Wealth Advisors LLC bought a new stake in Genpact during the fourth quarter worth approximately $30,000. LPL Financial LLC lifted its stake in shares of Genpact by 5.5% in the fourth quarter. LPL Financial LLC now owns 10,735 shares of the business services provider’s stock worth $570,000 after buying an additional 562 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Genpact during the 4th quarter worth $37,000. MML Investors Services LLC boosted its holdings in shares of Genpact by 6.4% during the 4th quarter. MML Investors Services LLC now owns 13,486 shares of the business services provider’s stock worth $716,000 after buying an additional 813 shares during the period. Finally, Glenmede Trust Co. NA grew its stake in Genpact by 1.3% in the 4th quarter. Glenmede Trust Co. NA now owns 106,945 shares of the business services provider’s stock valued at $5,675,000 after buying an additional 1,362 shares during the last quarter. 95.82% of the stock is currently owned by hedge funds and other institutional investors.

G has been the topic of several research analyst reports. Cowen cut shares of Genpact from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $57.00 to $51.00 in a research report on Monday, February 14th. StockNews.com upgraded Genpact from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 5th. Citigroup dropped their price target on Genpact from $62.00 to $55.00 in a research report on Monday, February 14th. Jefferies Financial Group began coverage on Genpact in a research report on Wednesday, January 26th. They set a “hold” rating and a $54.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Genpact from $55.00 to $48.00 in a report on Friday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Genpact presently has an average rating of “Buy” and an average price target of $55.71.

About Genpact (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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Earnings History for Genpact (NYSE:G)

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