Genpact Limited to Issue Quarterly Dividend of $0.15 (NYSE:G)

Genpact Limited (NYSE:G - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Monday, June 10th will be given a dividend of 0.153 per share by the business services provider on Wednesday, June 26th. This represents a $0.61 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Monday, June 10th.

Genpact has raised its dividend by an average of 12.1% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Genpact has a payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Genpact to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 20.7%.

Genpact Stock Up 0.1 %

Genpact stock traded up $0.03 during midday trading on Friday, reaching $31.34. The stock had a trading volume of 1,030,108 shares, compared to its average volume of 1,539,912. The company has a fifty day moving average price of $32.56 and a two-hundred day moving average price of $33.92. The company has a market capitalization of $5.65 billion, a P/E ratio of 9.14, a PEG ratio of 1.47 and a beta of 1.07. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37. Genpact has a 12 month low of $29.41 and a 12 month high of $42.19.

Genpact (NYSE:G - Get Free Report) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.03. Genpact had a return on equity of 23.19% and a net margin of 14.10%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. As a group, equities analysts expect that Genpact will post 2.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho initiated coverage on shares of Genpact in a research report on Tuesday, January 30th. They issued a "neutral" rating and a $40.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of Genpact from $42.00 to $43.00 and gave the company an "underweight" rating in a report on Friday, February 9th. StockNews.com lowered shares of Genpact from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Genpact in a research report on Friday, February 9th. Finally, Citigroup dropped their target price on shares of Genpact from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Genpact has a consensus rating of "Hold" and a consensus price target of $39.78.

Genpact Company Profile

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.