Genpact (G) Scheduled to Post Earnings on Wednesday

Genpact (NYSE:G) will be announcing its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Genpact has set its FY23 guidance at $2.91-2.94 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Genpact (NYSE:G) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Genpact had a return on equity of 25.06% and a net margin of 9.25%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, analysts expect Genpact to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Genpact Stock Up 1.3 %

Shares of NYSE:G opened at $33.53 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $6.08 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.28 and a beta of 1.17. The stock has a 50 day moving average price of $36.19 and a 200-day moving average price of $37.71. Genpact has a 52-week low of $32.61 and a 52-week high of $48.85.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.55 annualized dividend and a dividend yield of 1.64%. Genpact’s payout ratio is currently 25.11%.

Insider Transactions at Genpact

In related news, CEO N. V. Tyagarajan sold 1,700 shares of Genpact stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $35.89, for a total value of $61,013.00. Following the completion of the transaction, the chief executive officer now owns 8,300 shares in the company, valued at $297,887. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in G. Neuberger Berman Group LLC boosted its position in shares of Genpact by 2.2% during the first quarter. Neuberger Berman Group LLC now owns 12,165 shares of the business services provider’s stock valued at $529,000 after buying an additional 258 shares during the period. Pathstone Family Office LLC boosted its position in shares of Genpact by 1.8% during the fourth quarter. Pathstone Family Office LLC now owns 15,076 shares of the business services provider’s stock valued at $697,000 after buying an additional 265 shares during the period. American Trust boosted its position in shares of Genpact by 2.8% during the fourth quarter. American Trust now owns 10,888 shares of the business services provider’s stock valued at $504,000 after buying an additional 298 shares during the period. Belpointe Asset Management LLC boosted its position in shares of Genpact by 27.6% during the first quarter. Belpointe Asset Management LLC now owns 1,446 shares of the business services provider’s stock valued at $67,000 after buying an additional 313 shares during the period. Finally, Cresset Asset Management LLC boosted its position in shares of Genpact by 6.1% during the first quarter. Cresset Asset Management LLC now owns 5,645 shares of the business services provider’s stock valued at $246,000 after buying an additional 326 shares during the period. Hedge funds and other institutional investors own 96.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on G shares. Deutsche Bank Aktiengesellschaft cut their target price on Genpact from $48.00 to $37.00 in a research note on Thursday, August 10th. Needham & Company LLC decreased their target price on Genpact from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, August 11th. JPMorgan Chase & Co. cut Genpact from a “neutral” rating to an “underweight” rating and set a $40.00 target price on the stock. in a report on Tuesday, August 22nd. Robert W. Baird decreased their price target on Genpact from $48.00 to $44.00 in a report on Thursday, August 10th. Finally, StockNews.com started coverage on Genpact in a report on Thursday, October 5th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.13.

About Genpact

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: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting.