Genpact (G) Scheduled to Post Quarterly Earnings on Thursday

Genpact (NYSE:G) will announce its earnings results 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.Investors interested in listening to the company’s conference call can do so using this link.

Genpact (NYSE:G) last announced 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 Performance

Shares of Genpact stock opened at $32.51 on Wednesday. The business has a 50-day simple moving average of $32.43 and a 200-day simple moving average of $33.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $5.86 billion, a PE ratio of 9.48, a P/E/G ratio of 1.47 and a beta of 1.07. Genpact has a one year low of $29.41 and a one year high of $40.15.

Genpact Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on G shares. JPMorgan Chase & Co. upped 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. StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Citigroup lowered their price target on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Mizuho began coverage on Genpact in a report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Genpact in a report on Friday, February 9th. One investment 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, Genpact presently has an average rating of “Hold” and an average price target of $39.78.

Genpact Company Profile

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.