Genpact (G) Scheduled to Post Quarterly Earnings on Thursday

Genpact (NYSE:G) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Genpact to post earnings of $0.71 per share for the quarter. Genpact has set its FY 2024 guidance at 3.140-3.180 EPS and its Q3 2024 guidance at 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 results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, analysts expect Genpact to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Genpact Price Performance

Genpact stock opened at $39.07 on Wednesday. The stock has a 50-day moving average price of $38.82 and a two-hundred day moving average price of $35.33. The company has a market capitalization of $6.96 billion, a PE ratio of 11.04, a P/E/G ratio of 1.61 and a beta of 1.13. Genpact has a 12 month low of $29.41 and a 12 month high of $39.95. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s payout ratio is presently 17.23%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Needham & Company LLC upped their price target on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Jefferies Financial Group raised their target price on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. increased their price target on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. BMO Capital Markets raised their price objective on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Finally, TD Cowen boosted their target price on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Genpact has a consensus rating of “Hold” and an average target price of $39.44.

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.