Triple-S Management (NYSE:GTS) released its quarterly earnings data on Thursday. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.18, Briefing.com reports. The business had revenue of $836.00 million during the quarter, compared to analyst estimates of $819.42 million. Triple-S Management had a return on equity of 3.63% and a net margin of 1.17%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Triple-S Management updated its FY19 guidance to $2.50-2.70 EPS.
Shares of Triple-S Management stock traded down $0.31 on Friday, hitting $18.37. The company’s stock had a trading volume of 341,972 shares, compared to its average volume of 176,619. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 0.62. Triple-S Management has a 1 year low of $12.66 and a 1 year high of $27.86. The firm has a fifty day moving average price of $14.69 and a 200-day moving average price of $21.24. The company has a market capitalization of $365.31 million, a price-to-earnings ratio of -12.50, a price-to-earnings-growth ratio of 0.63 and a beta of 0.22.
A number of research firms have weighed in on GTS. Wells Fargo & Co reduced their price objective on Triple-S Management from $27.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, September 12th. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, October 8th. TheStreet lowered Triple-S Management from a “b” rating to a “c+” rating in a research note on Monday, September 9th. Finally, ValuEngine lowered Triple-S Management from a “hold” rating to a “sell” rating in a research note on Friday.
Triple-S Management Company Profile
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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