Genpact (NYSE:G) Releases FY 2024 Earnings Guidance

Genpact (NYSE:G) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 3.230-3.240 for the period, compared to the consensus earnings per share estimate of 3.150. The company issued revenue guidance of $4.7 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion. Genpact also updated its Q4 2024 guidance to EPS.

Analyst Ratings Changes

G has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Needham & Company LLC lifted their price objective on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Robert W. Baird increased their target price on Genpact from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, TD Cowen upped their price target on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.44.

Genpact Price Performance

Shares of NYSE G traded up $1.37 during midday trading on Thursday, reaching $41.85. 2,518,269 shares of the company traded hands, compared to its average volume of 1,317,138. Genpact has a 12 month low of $29.41 and a 12 month high of $42.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. The stock’s 50-day simple moving average is $38.85 and its 200-day simple moving average is $35.37. The firm has a market cap of $7.46 billion, a PE ratio of 11.44, a PEG ratio of 1.62 and a beta of 1.13.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. As a group, equities analysts anticipate that Genpact will post 2.85 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.46%. Genpact’s payout ratio is 17.23%.

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.