Genpact Limited (G) To Go Ex-Dividend on June 10th

Genpact Limited (NYSE:G) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, June 10th will be given a dividend of 0.1875 per share by the business services provider on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 10th.

Genpact has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Genpact has a payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Genpact to earn $4.03 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 18.6%.

Genpact Price Performance

Genpact stock opened at $32.67 on Monday. The firm has a market cap of $5.54 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. Genpact has a 52-week low of $28.78 and a 52-week high of $48.64. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $34.16 and its two-hundred day moving average is $40.00.

Genpact (NYSE:G) last released its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The company had revenue of $1.30 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. On average, research analysts expect that Genpact will post 3.64 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on G. Weiss Ratings reiterated a “hold (c)” rating on shares of Genpact in a report on Friday, May 8th. Citigroup reduced their target price on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Robert W. Baird reduced their target price on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Genpact in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Genpact presently has an average rating of “Hold” and a consensus price target of $43.29.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.