TPG (TPG) to Release Quarterly Earnings on Wednesday

TPG (NASDAQ:TPG) is set to announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

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

TPG Stock Up 2.2 %

NASDAQ TPG opened at $45.15 on Tuesday. The stock’s 50-day moving average price is $44.36 and its 200-day moving average price is $40.24. 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 has a 52 week low of $24.74 and a 52 week high of $47.20. The company has a market capitalization of $16.47 billion, a P/E ratio of -1,128.47, a price-to-earnings-growth ratio of 0.75 and a beta of 1.60.

TPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Thursday, February 22nd. TPG’s dividend payout ratio (DPR) is currently -4,398.90%.

Insider Transactions at TPG

In other news, insider Joann Harris sold 1,739 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $72,411.96. Following the transaction, the insider now directly owns 22,860 shares of the company’s stock, valued at $951,890.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman James G. Coulter sold 16,949 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 value of $705,756.36. Following the completion of the sale, the chairman now directly owns 386,936 shares of the company’s stock, valued at $16,112,015.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joann Harris sold 1,739 shares of the firm’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 $72,411.96. Following the transaction, the insider now directly owns 22,860 shares in the company, valued at approximately $951,890.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,434,129 shares of company stock worth $101,357,132. 76.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on TPG shares. Morgan Stanley lifted their target price on TPG from $31.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. BMO Capital Markets reissued a “market perform” rating and set a $42.00 target price (up previously from $36.00) on shares of TPG in a research note on Wednesday, February 14th. Citigroup lifted their target price on TPG from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. The Goldman Sachs Group reissued a “buy” rating on shares of TPG in a research note on Monday, April 1st. Finally, Wells Fargo & Company lifted their price objective on TPG from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 14th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.96.

About TPG

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.