Genpact (G) Earning Somewhat Positive Press Coverage, Report Finds
Media coverage about Genpact (NYSE:G) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Genpact earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.1561524526257 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern’s scoring:
- Genpact Limited: Genpact Schedules Earnings Release and Conference Call for Fourth Quarter and 2017 Year-End Results (twst.com)
- Genpact (G) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Genpact (G) and Brady (BRC) Financial Survey (americanbankingnews.com)
- Healthcare BPO Market Analysis, Strategic Assessment, Trend Outlook and Bussiness Opportunities 2017-2023 (itbusinessnet.com)
Shares of Genpact (NYSE G) traded down $0.06 on Thursday, reaching $33.30. The company had a trading volume of 1,096,538 shares, compared to its average volume of 942,155. The stock has a market capitalization of $6,420.00, a P/E ratio of 24.13, a P/E/G ratio of 2.06 and a beta of 0.58. Genpact has a 1 year low of $23.34 and a 1 year high of $33.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65.
Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $708.82 million during the quarter, compared to the consensus estimate of $685.25 million. Genpact had a return on equity of 23.86% and a net margin of 10.18%. Genpact’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share. sell-side analysts anticipate that Genpact will post 1.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Friday, December 8th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, December 7th. Genpact’s dividend payout ratio is currently 17.39%.
A number of research firms have recently issued reports on G. Zacks Investment Research lowered Genpact from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird reissued a “buy” rating and issued a $38.00 price target on shares of Genpact in a report on Friday, November 10th. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price target on shares of Genpact in a report on Wednesday, November 8th. Cowen reissued a “buy” rating and issued a $33.00 price target on shares of Genpact in a report on Thursday, October 12th. Finally, SunTrust Banks reissued a “buy” rating and issued a $34.00 price target on shares of Genpact in a report on Monday, October 9th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.38.
In other Genpact news, insider Mohit Thukral sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $32.25, for a total transaction of $806,250.00. Following the transaction, the insider now owns 85,305 shares of the company’s stock, valued at approximately $2,751,086.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Piyush Mehta sold 20,728 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $30.00, for a total value of $621,840.00. The disclosure for this sale can be found here. Insiders sold 1,675,525 shares of company stock valued at $50,978,024 in the last three months. 1.41% of the stock is currently owned by company insiders.
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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.
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