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

Equities research analysts expect TPG Inc. (NASDAQ:TPGGet Rating) to post earnings per share (EPS) of $0.47 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for TPG’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.48. The firm is expected to announce its next earnings results 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 financial year, with EPS estimates ranging from $1.46 to $1.62. For the next year, analysts expect that the firm will post earnings of $2.02 per share, with EPS estimates ranging from $1.95 to $2.09. Zacks’ EPS averages are a mean average based on a survey of research firms that cover TPG.

TPG (NASDAQ:TPGGet Rating) last issued its quarterly earnings results on Monday, March 28th. The company reported 0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of 0.42 by 0.14. The firm had revenue of 1.08 billion for the quarter, compared to the consensus estimate of 259.88 million.

A number of equities analysts have issued reports on TPG shares. Zacks Investment Research raised TPG from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, April 12th. BMO Capital Markets raised their price objective on TPG from $34.00 to $35.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 29th. Citigroup reduced their price objective on TPG from $32.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft raised their price objective on TPG from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, March 29th. Finally, UBS Group reduced their price objective on TPG from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, March 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, TPG has a consensus rating of “Buy” and a consensus target price of 35.00.

An institutional investor recently bought a new position in TPG stock. Frontier Capital Management Co. LLC acquired a new position in shares of TPG Inc. (NASDAQ:TPGGet Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 159,784 shares of the company’s stock, valued at approximately $4,816,000. Frontier Capital Management Co. LLC owned approximately 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, reaching 28.08. 6,682 shares of the stock traded hands, compared to its average volume of 633,210. The stock’s fifty day moving average price is 29.36. TPG has a 12 month low of 26.50 and a 12 month 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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