Genpact (G) Set to Announce Quarterly Earnings on Thursday

Genpact (NYSE:G) is scheduled to 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate 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 Trading Up 3.0 %

Shares of NYSE:G opened at $32.30 on Tuesday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 1.47 and a beta of 1.07. The business’s 50 day moving average price is $32.49 and its 200-day moving average price is $33.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 1.44. Genpact has a 1 year low of $29.41 and a 1 year high of $40.15.

Genpact Dividend Announcement

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

Analysts Set New Price Targets

G has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Genpact in a research report 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 target price for the company. StockNews.com lowered Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. increased their price objective on Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. Finally, Citigroup lowered their target price on shares of 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 assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.