TPG Inc. (NASDAQ:TPG) Expected to Announce Earnings of $0.47 Per Share

Equities research analysts predict that TPG Inc. (NASDAQ:TPG – Get Rating) will announce earnings per share (EPS) of $0.47 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for TPG’s earnings, with estimates ranging from $0.46 to $0.48. The firm is expected to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that TPG will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.46 to $1.62. For the next year, analysts anticipate that the company will report earnings of $2.02 per share, with EPS estimates ranging from $1.95 to $2.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow TPG.

TPG (NASDAQ:TPG – Get Rating) last released its earnings results on Monday, March 28th. The company reported 0.56 EPS for the quarter, topping analysts’ consensus estimates of 0.42 by 0.14. The company had revenue of 1.08 billion for the quarter, compared to analysts’ expectations of 259.88 million.

Several research firms have weighed in on TPG. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TPG from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, March 29th. Zacks Investment Research upgraded shares of TPG from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, April 12th. BMO Capital Markets upped their price objective on shares of TPG from $34.00 to $35.00 and gave the stock a “market perform” rating in a report on Tuesday, March 29th. Citigroup decreased their price objective on shares of TPG from $32.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, April 12th. Finally, Morgan Stanley cut their target price on shares of TPG from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of 35.00.

An institutional investor recently bought a new position in TPG stock. Frontier Capital Management Co. LLC acquired a new stake in TPG Inc. (NASDAQ:TPG – Get Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 159,784 shares of the company’s stock, valued at approximately $4,816,000. Frontier Capital Management Co. LLC owned about 0.05% of TPG at the end of the most recent quarter. Institutional investors and hedge funds own 3.51% of the company’s stock.

NASDAQ:TPG traded down 0.48 on Tuesday, hitting 28.08. The stock had a trading volume of 6,682 shares, compared to its average volume of 633,210. The stock has a fifty day moving average price of 29.36. TPG has a 1-year low of 26.50 and a 1-year high of 35.40.

TPG Company Profile (Get Rating)

TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.

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