Analysts Expect Triple-S Management Co. (GTS) to Announce $0.24 EPS

Shares of Triple-S Management Co. (NYSE:GTS) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokerages have set a 12 month consensus price objective of $28.00 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Triple-S Management an industry rank of 69 out of 265 based on the ratings given to related companies.

How to Become a New Pot Stock Millionaire

GTS has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Triple-S Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Triple-S Management from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd.

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Triple-S Management in the 3rd quarter valued at about $148,000. Teacher Retirement System of Texas bought a new position in Triple-S Management in the 4th quarter valued at about $202,000. MetLife Investment Advisors LLC bought a new position in Triple-S Management in the 4th quarter valued at about $300,000. AXA bought a new position in Triple-S Management in the 4th quarter valued at about $301,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Triple-S Management by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,500 shares of the company’s stock valued at $313,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 84.71% of the company’s stock.

Shares of Triple-S Management stock traded down $0.58 during trading hours on Tuesday, reaching $27.20. 121,046 shares of the company’s stock were exchanged, compared to its average volume of 139,966. Triple-S Management has a 52-week low of $15.05 and a 52-week high of $29.43. The firm has a market cap of $633.98, a PE ratio of 14.39, a P/E/G ratio of 1.47 and a beta of 0.25. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.04.

Triple-S Management (NYSE:GTS) last released its quarterly earnings data on Thursday, March 1st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.67. Triple-S Management had a return on equity of 5.10% and a net margin of 1.87%. The business had revenue of $706.80 million during the quarter, compared to the consensus estimate of $761.29 million. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. equities research analysts anticipate that Triple-S Management will post 1.85 EPS for the current year.

Triple-S Management declared that its Board of Directors has approved a stock buyback program on Thursday, March 1st that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This report was posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3341557/analysts-expect-triple-s-management-co-gts-to-announce-0-24-eps.html.

About Triple-S Management

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare, and Medicaid markets in Puerto Rico, the United States. The company operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance.

Get a free copy of the Zacks research report on Triple-S Management (GTS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Triple-S Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple-S Management and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Head-To-Head Contrast: Magellan Health  & Mednax
Head-To-Head Contrast: Magellan Health & Mednax
WA Space Trading Up 18.2% Over Last 7 Days
WA Space Trading Up 18.2% Over Last 7 Days
Sentinel Market Cap Reaches $0.00
Sentinel Market Cap Reaches $0.00
Cashme Achieves Market Cap of $0.00
Cashme Achieves Market Cap of $0.00
Mobile Mini  & Global Power Equipment Gr  Critical Review
Mobile Mini & Global Power Equipment Gr Critical Review
Ipsen  and Its Peers Critical Review
Ipsen and Its Peers Critical Review


Leave a Reply

© 2006-2018 Ticker Report. Google+.