Genpact (G) Scheduled to Post Earnings on Thursday

Genpact (NYSE:G) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Genpact has set its FY 2024 guidance at 3.000-3.030 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. Genpact had a return on equity of 23.19% and a net margin of 14.10%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 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 3.0 %

G stock opened at $32.30 on Tuesday. The firm has a market capitalization of $5.82 billion, a PE ratio of 9.42, a P/E/G ratio of 1.47 and a beta of 1.07. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. Genpact has a twelve month low of $29.41 and a twelve month high of $40.15. The stock’s 50 day moving average is $32.49 and its 200-day moving average is $33.88.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 10th will be issued a $0.153 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.61 annualized dividend and a dividend yield of 1.90%. Genpact’s dividend payout ratio is currently 17.78%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on G shares. StockNews.com lowered Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Genpact in a research note on Friday, February 9th. JPMorgan Chase & Co. raised their price target on shares of Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Mizuho started coverage on Genpact in a report on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price objective for the company. Finally, Citigroup lowered their target price on Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.78.

About Genpact

Genpact Limited provides business process outsourcing and information technology 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 Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.