Genpact (NYSE:G) Issues FY 2022 Earnings Guidance

Genpact (NYSE:GGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.68-$2.74 for the period, compared to the consensus estimate of $2.63. The company issued revenue guidance of $4.32 billion-$4.37 billion, compared to the consensus revenue estimate of $4.27 billion.

Genpact Price Performance

Shares of NYSE:G traded down $1.49 during trading on Friday, reaching $46.92. 1,070,373 shares of the company traded hands, compared to its average volume of 776,222. The company’s 50 day moving average is $44.27 and its two-hundred day moving average is $43.85. The firm has a market capitalization of $8.69 billion, a PE ratio of 26.07, a PEG ratio of 1.61 and a beta of 1.36. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.68. Genpact has a 52 week low of $37.68 and a 52 week high of $54.03.

Genpact (NYSE:GGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.15. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Genpact had a return on equity of 21.85% and a net margin of 8.09%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. As a group, sell-side analysts predict that Genpact will post 2.37 earnings per share for the current year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, September 8th. Genpact’s payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Genpact from $55.00 to $48.00 in a research note on Friday, May 6th. Citigroup lowered their price objective on shares of Genpact from $55.00 to $52.00 and set a buy rating on the stock in a research report on Wednesday, July 20th. Finally, StockNews.com lowered Genpact from a strong-buy rating to a buy rating in a research report on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $54.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its position in Genpact by 57.2% in the 1st quarter. American Century Companies Inc. now owns 18,403 shares of the business services provider’s stock valued at $801,000 after buying an additional 6,699 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Genpact by 16.8% during the first quarter. Bank of Montreal Can now owns 23,398 shares of the business services provider’s stock worth $1,031,000 after purchasing an additional 3,364 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Genpact by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,683,950 shares of the business services provider’s stock valued at $73,273,000 after purchasing an additional 5,331 shares in the last quarter. Sei Investments Co. increased its position in Genpact by 6.2% in the 1st quarter. Sei Investments Co. now owns 104,775 shares of the business services provider’s stock valued at $4,560,000 after buying an additional 6,151 shares in the last quarter. Finally, Aviva PLC bought a new stake in shares of Genpact in the 1st quarter worth approximately $2,219,000. Hedge funds and other institutional investors own 95.82% of the company’s stock.

About Genpact

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Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

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