SunTrust Banks Equities Analysts Lower Earnings Estimates for Genpact Limited (G)

Genpact Limited (NYSE:G) – Equities researchers at SunTrust Banks cut their Q4 2018 earnings per share estimates for shares of Genpact Limited in a report released on Thursday. SunTrust Banks analyst F. Atkins now forecasts that the business services provider will earn $0.45 per share for the quarter, down from their prior estimate of $0.47.

A number of other research analysts have also commented on G. BidaskClub raised Genpact Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered Genpact Limited from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Deutsche Bank AG upped their price objective on Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. BMO Capital Markets upped their price objective on Genpact Limited from $26.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Finally, Wedbush initiated coverage on Genpact Limited in a report on Thursday, August 3rd. They issued a “neutral” rating and a $33.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.14.

ILLEGAL ACTIVITY NOTICE: “SunTrust Banks Equities Analysts Lower Earnings Estimates for Genpact Limited (G)” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://stocknewstimes.com/2017/09/09/suntrust-banks-equities-analysts-lower-earnings-estimates-for-genpact-limited-g.html.

Genpact Limited (NYSE G) opened at 27.97 on Friday. Genpact Limited has a 12 month low of $22.58 and a 12 month high of $31.93. The company has a 50-day moving average price of $28.75 and a 200 day moving average price of $26.47. The company has a market capitalization of $5.40 billion, a PE ratio of 21.13 and a beta of 0.50.

Genpact Limited (NYSE:G) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.31 by $0.10. The firm had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. Genpact Limited’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share.

The business also recently announced a special dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 8th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 0.84%. Genpact Limited’s payout ratio is 18.05%.

In other news, insider Mohit Thukral sold 25,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $28.37, for a total transaction of $709,250.00. Following the completion of the sale, the insider now directly owns 85,305 shares in the company, valued at approximately $2,420,102.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $28.72, for a total value of $244,087,661.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,358,442 shares of company stock valued at $297,475,276. Corporate insiders own 1.55% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Genpact Limited by 5.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock worth $106,000 after buying an additional 189 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Genpact Limited during the 1st quarter worth $110,000. Acrospire Investment Management LLC lifted its position in shares of Genpact Limited by 569.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock worth $112,000 after buying an additional 3,419 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Genpact Limited by 42.5% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,959 shares of the business services provider’s stock worth $123,000 after buying an additional 1,480 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Genpact Limited by 85.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock worth $129,000 after buying an additional 2,403 shares during the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.

About Genpact Limited

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Earnings History and Estimates for Genpact Limited (NYSE:G)




Receive News & Ratings for Genpact Limited Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Genpact Limited and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

nineteen + seven =