Genpact (NYSE:G – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.68-$2.74 for the period, compared to the consensus earnings per share estimate of $2.63. The company issued revenue guidance of $4.32 billion-$4.37 billion, compared to the consensus revenue estimate of $4.27 billion.
Genpact Stock Performance
Shares of NYSE G traded up $0.06 during midday trading on Thursday, reaching $48.41. The company had a trading volume of 1,173,763 shares, compared to its average volume of 1,028,012. The business’s 50-day simple moving average is $44.23 and its 200 day simple moving average is $43.93. The stock has a market cap of $8.96 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.63 and a beta of 1.36. Genpact has a 1 year low of $37.68 and a 1 year high of $54.03. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68.
Genpact (NYSE:G – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. Genpact had a net margin of 9.03% and a return on equity of 24.48%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $0.53 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. On average, analysts forecast that Genpact will post 2.37 earnings per share for the current fiscal year.
Genpact Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.50 annualized dividend and a yield of 1.03%. Genpact’s dividend payout ratio is presently 25.64%.
Analyst Ratings Changes
Several research firms have commented on G. StockNews.com cut shares of Genpact from a strong-buy rating to a buy rating in a research note on Thursday, May 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Genpact from $55.00 to $48.00 in a report on Friday, May 6th. Finally, Citigroup decreased their price target on shares of Genpact from $55.00 to $52.00 and set a buy rating on the stock in a report on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Genpact presently has a consensus rating of Moderate Buy and an average target price of $55.29.
Institutional Investors Weigh In On Genpact
A number of hedge funds have recently made changes to their positions in the company. Zions Bancorporation N.A. increased its position in Genpact by 9.9% in the 1st quarter. Zions Bancorporation N.A. now owns 8,789 shares of the business services provider’s stock valued at $382,000 after acquiring an additional 791 shares in the last quarter. Ethic Inc. increased its position in Genpact by 38.7% in the 1st quarter. Ethic Inc. now owns 8,189 shares of the business services provider’s stock valued at $356,000 after acquiring an additional 2,286 shares in the last quarter. Prelude Capital Management LLC acquired a new stake in Genpact in the 1st quarter valued at about $288,000. Bridgefront Capital LLC acquired a new stake in Genpact in the 1st quarter valued at about $263,000. Finally, Graham Capital Management L.P. bought a new position in shares of Genpact in the 1st quarter valued at about $262,000. Institutional investors and hedge funds own 95.82% of the company’s stock.
Genpact Company Profile
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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