$682.20 Million in Sales Expected for Genpact (G) This Quarter

Equities analysts expect that Genpact (NYSE:G) will post sales of $682.20 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Genpact’s earnings. The highest sales estimate is $691.04 million and the lowest is $674.80 million. Genpact posted sales of $623.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The firm is expected to report its next earnings report after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that Genpact will report full year sales of $2.97 billion for the current year, with estimates ranging from $2.94 billion to $2.99 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.19 billion per share, with estimates ranging from $3.13 billion to $3.23 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Genpact.

Genpact (NYSE:G) last released its earnings results on Monday, February 12th. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $734.41 million for the quarter, compared to analysts’ expectations of $723.55 million. Genpact had a return on equity of 22.75% and a net margin of 9.61%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Genpact from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. JPMorgan Chase cut their target price on Genpact from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Citigroup dropped their price objective on Genpact from $39.00 to $37.50 and set a “buy” rating on the stock in a research note on Tuesday, February 13th. BMO Capital Markets increased their price objective on Genpact to $35.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 13th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price objective on shares of Genpact in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $34.65.

In other Genpact news, Director James C. Madden sold 4,270 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $30.92, for a total transaction of $132,028.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arvinder Singh sold 22,690 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.95, for a total value of $770,325.50. The disclosure for this sale can be found here. In the last three months, insiders sold 47,113 shares of company stock worth $1,546,444. 1.41% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in shares of Genpact by 70.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 51,396 shares of the business services provider’s stock valued at $1,478,000 after purchasing an additional 21,200 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Genpact by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 517,368 shares of the business services provider’s stock valued at $16,421,000 after purchasing an additional 37,795 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Genpact by 213.4% during the 4th quarter. Bank of Montreal Can now owns 342,157 shares of the business services provider’s stock valued at $10,860,000 after purchasing an additional 232,992 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Genpact by 5.7% during the 4th quarter. California Public Employees Retirement System now owns 480,516 shares of the business services provider’s stock valued at $15,252,000 after purchasing an additional 25,933 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Genpact by 179.7% during the 4th quarter. Two Sigma Investments LP now owns 754,167 shares of the business services provider’s stock valued at $23,937,000 after purchasing an additional 484,513 shares during the last quarter. Institutional investors own 90.92% of the company’s stock.

G opened at $31.90 on Friday. The company has a market cap of $6,125.55, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.04 and a beta of 0.60. Genpact has a one year low of $24.25 and a one year high of $34.79. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.71.

About Genpact

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Earnings History and Estimates for Genpact (NYSE:G)

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