TPG (TPG) Set to Announce Earnings on Wednesday

TPG (NASDAQ:TPG) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, February 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. The company had revenue of $529.90 million during the quarter, compared to analyst estimates of $395.30 million. TPG had a net margin of 3.35% and a return on equity of 18.69%. The company’s revenue for the quarter was up 51.3% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, analysts expect TPG to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TPG Trading Down 1.6 %

Shares of NASDAQ:TPG opened at $43.10 on Wednesday. The firm has a fifty day moving average of $44.29 and a two-hundred day moving average of $39.72. The firm has a market capitalization of $15.72 billion, a P/E ratio of -1,077.23, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. TPG has a 12-month low of $24.74 and a 12-month high of $47.20. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.28.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Thursday, February 22nd. TPG’s payout ratio is presently -4,398.90%.

Analysts Set New Price Targets

TPG has been the subject of several analyst reports. TD Cowen initiated coverage on shares of TPG in a research note on Thursday, January 4th. They issued a “market perform” rating and a $38.00 price objective for the company. TheStreet downgraded shares of TPG from a “c” rating to a “d” rating in a report on Monday, March 18th. Citigroup lifted their target price on shares of TPG from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. JMP Securities reiterated a “market perform” rating on shares of TPG in a report on Tuesday, April 9th. Finally, Morgan Stanley lifted their target price on shares of TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.96.

Insider Activity

In other TPG news, Director Kelvin L. Davis sold 822,017 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $34,228,787.88. Following the sale, the director now directly owns 844,584 shares of the company’s stock, valued at $35,168,477.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TPG news, Director Kelvin L. Davis sold 822,017 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $34,228,787.88. Following the sale, the director now directly owns 844,584 shares of the company’s stock, valued at $35,168,477.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joann Harris sold 1,739 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $41.64, for a total transaction of $72,411.96. Following the sale, the insider now directly owns 22,860 shares in the company, valued at $951,890.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,434,129 shares of company stock worth $101,357,132. Corporate insiders own 78.72% of the company’s stock.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.