Genpact (NYSE:G) Updates FY 2024 Earnings Guidance

Genpact (NYSE:G) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.230-3.240 for the period, compared to the consensus EPS 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.

Genpact Price Performance

Shares of G traded up $4.13 during mid-day trading on Friday, hitting $45.94. 3,649,569 shares of the company were exchanged, compared to its average volume of 780,107. Genpact has a 1-year low of $29.41 and a 1-year high of $47.98. 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 company has a 50 day moving average of $39.03 and a 200-day moving average of $35.54. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Genpact (NYSE:G) last issued 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 return on equity of 22.28% and a net margin of 14.12%. Analysts expect that Genpact will post 2.85 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid 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 1.33%. Genpact’s payout ratio is 16.76%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. TD Cowen upped their price objective on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday. Robert W. Baird upped their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, BMO Capital Markets raised their price target on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.89.

About Genpact

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.