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.
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.
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.
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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.
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