Genpact (NYSE:G) Issues 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on G shares. TD Cowen lifted their price target on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Needham & Company LLC boosted their price target on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. Robert W. Baird raised their price objective on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, BMO Capital Markets increased 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. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.89.

Genpact Trading Up 9.9 %

NYSE G traded up $4.13 during trading on Friday, hitting $45.94. The stock had a trading volume of 3,649,569 shares, compared to its average volume of 780,107. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.69 and a beta of 1.13. The stock has a 50 day simple moving average of $39.03 and a 200 day simple moving average of $35.54. Genpact has a one year low of $29.41 and a one 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.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm 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%. Sell-side analysts predict that Genpact will post 2.85 earnings per share for the current 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 paid a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio is currently 16.76%.

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.