TPG (TPG) Set to Announce Quarterly Earnings on Wednesday

TPG (NASDAQ:TPG) is scheduled to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect TPG to post earnings of $0.43 per share for the quarter. Parties interested in listening to 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 earnings per share 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 company had revenue of $529.90 million during the quarter, compared to analysts’ expectations of $395.30 million. During the same period in the prior year, the firm earned $0.59 earnings per share. TPG’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 1.2 %

Shares of TPG stock opened at $44.17 on Monday. TPG has a 52-week low of $24.74 and a 52-week high of $47.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.16 and a current ratio of 0.16. The business’s 50 day simple moving average is $44.33 and its 200 day simple moving average is $40.11. The firm has a market cap of $16.11 billion, a PE ratio of -1,103.97, a P/E/G ratio of 0.75 and a beta of 1.60.

TPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.44 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.98%. TPG’s dividend payout ratio (DPR) is presently -4,398.90%.

Analysts Set New Price Targets

Several brokerages have issued reports on TPG. The Goldman Sachs Group reiterated a “buy” rating on shares of TPG in a research note on Monday, April 1st. BMO Capital Markets reissued a “market perform” rating and set a $42.00 price target (up from $36.00) on shares of TPG in a research report on Wednesday, February 14th. Morgan Stanley boosted their price target on TPG from $31.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. UBS Group increased their price objective on TPG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Wells Fargo & Company boosted their target price on shares of TPG from $38.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, TPG presently has an average rating of “Hold” and a consensus price target of $39.96.

Insider Activity at TPG

In other news, President Todd Benjamin Sisitsky sold 52,807 shares of TPG stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $41.64, for a total value of $2,198,883.48. Following the completion of the sale, the president now directly owns 396,982 shares in the company, valued at $16,530,330.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other TPG news, President Todd Benjamin Sisitsky sold 52,807 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $41.64, for a total transaction of $2,198,883.48. Following the sale, the president now directly owns 396,982 shares in the company, valued at $16,530,330.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Martin Davidson sold 39,317 shares of the business’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 $1,637,159.88. Following the completion of the transaction, the chief accounting officer now owns 30,991 shares of the company’s stock, valued at $1,290,465.24. The disclosure for this sale can be found here. Insiders sold 2,434,129 shares of company stock worth $101,357,132 in the last ninety days. 78.72% of the stock is owned by company insiders.

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.