Genpact (G) Scheduled to Post Quarterly Earnings on Thursday

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

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Genpact had a return on equity of 23.19% and a net margin of 14.10%. 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 0.7 %

Shares of NYSE:G opened at $32.51 on Wednesday. Genpact has a 12-month low of $29.41 and a 12-month high of $40.15. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 1.47 and a beta of 1.07. The stock has a fifty day simple moving average of $32.43 and a two-hundred day simple moving average of $33.86. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 10th will be issued a $0.153 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.61 annualized dividend and a yield of 1.88%. Genpact’s dividend payout ratio (DPR) is presently 17.78%.

Analysts Set New Price Targets

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