Triple-S Management (NYSE:GTS) Updates FY19 Earnings Guidance

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Triple-S Management (NYSE:GTS) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.40-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.14. The company issued revenue guidance of $3.29-3.33 billion, compared to the consensus revenue estimate of $3.19 billion.Triple-S Management also updated its FY 2019 guidance to $2.40-2.60 EPS.

Shares of NYSE GTS opened at $22.32 on Thursday. The stock has a market cap of $527.99 million, a P/E ratio of -15.18, a price-to-earnings-growth ratio of 1.02 and a beta of 0.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50-day simple moving average is $24.21. Triple-S Management has a 1 year low of $15.45 and a 1 year high of $27.86.

Triple-S Management (NYSE:GTS) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.51. The company had revenue of $787.59 million during the quarter, compared to the consensus estimate of $769.21 million. Triple-S Management had a positive return on equity of 1.88% and a negative net margin of 1.06%. Triple-S Management’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. Equities analysts anticipate that Triple-S Management will post 2.14 earnings per share for the current year.

GTS has been the subject of several research reports. Zacks Investment Research raised Triple-S Management from a hold rating to a buy rating and set a $28.00 target price for the company in a report on Wednesday, July 10th. ValuEngine downgraded Triple-S Management from a buy rating to a hold rating in a report on Friday, July 26th.

About Triple-S Management

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities.

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