Genpact (NYSE:G) Updates FY 2024 Earnings Guidance

Genpact (NYSE:G) issued an update on its FY 2024 earnings guidance on Thursday morning. 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.

Analysts Set New Price Targets

Several analysts have issued reports on G shares. BMO Capital Markets upped their target price on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Jefferies Financial Group lifted their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. 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. TD Cowen lifted their price objective on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.89.

Genpact Stock Up 9.9 %

Shares of NYSE G traded up $4.13 on Friday, reaching $45.94. 3,649,569 shares of the company’s stock traded hands, compared to its average volume of 780,107. The business’s 50 day simple moving average is $39.03 and its two-hundred day simple moving average is $35.54. Genpact has a 12 month low of $29.41 and a 12 month high of $47.98. The company 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. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52.

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

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.33%. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

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.