Genpact Limited (NYSE:G) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Friday, September 11th will be given a dividend of 0.097 per share by the business services provider on Wednesday, September 23rd. This represents a $0.39 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, September 10th.
Genpact has a payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Genpact to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.39 annual dividend with an expected future payout ratio of 20.2%.
Shares of NYSE G traded down $0.55 during trading hours on Friday, hitting $39.26. The company’s stock had a trading volume of 2,170 shares, compared to its average volume of 769,355. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.86 and a beta of 1.12. Genpact has a 12 month low of $19.41 and a 12 month high of $45.20. The business has a 50-day simple moving average of $36.65 and a 200-day simple moving average of $36.41.
Genpact (NYSE:G) last issued its quarterly earnings data on Monday, May 11th. The business services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.08. Genpact had a net margin of 9.07% and a return on equity of 22.33%. The business had revenue of $923.19 million during the quarter, compared to analyst estimates of $894.39 million. During the same period last year, the business posted $0.43 earnings per share. Genpact’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that Genpact will post 1.53 EPS for the current year.
In other Genpact news, SVP Heather White sold 5,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $36.95, for a total value of $184,750.00. Also, CFO Edward J. Fitzpatrick purchased 5,600 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $33.72 per share, for a total transaction of $188,832.00. Following the purchase, the chief financial officer now owns 193,693 shares in the company, valued at $6,531,327.96. The disclosure for this purchase can be found here. 1.86% of the stock is currently owned by insiders.
Several analysts have commented on the stock. Robert W. Baird raised their price objective on shares of Genpact from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. upgraded shares of Genpact from a “neutral” rating to an “overweight” rating in a report on Sunday, April 19th. Needham & Company LLC lifted their target price on shares of Genpact from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Deutsche Bank lowered their target price on shares of Genpact from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, May 12th. Finally, Citigroup lowered their target price on shares of Genpact from $40.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $42.25.
Genpact Company Profile
Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.
Further Reading: Net Margin
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