TPG (TPG) Scheduled to Post Quarterly Earnings on Wednesday

TPG (NASDAQ:TPG) will issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Individual interested in registering for the company’s earnings 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. The company had revenue of $529.90 million for the quarter, compared to analysts’ expectations of $395.30 million. TPG had a net margin of 3.35% and a return on equity of 18.69%. TPG’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. On average, analysts expect TPG to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TPG Stock Performance

TPG stock opened at $44.17 on Monday. TPG has a fifty-two week low of $24.74 and a fifty-two 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 stock has a market cap of $16.11 billion, a P/E ratio of -1,103.97, a price-to-earnings-growth ratio of 0.75 and a beta of 1.60. The firm’s fifty day moving average price is $44.33 and its 200-day moving average price is $40.11.

TPG Cuts Dividend

The company 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Thursday, February 22nd. TPG’s payout ratio is currently -4,398.90%.

Insider Activity at TPG

In other TPG news, COO Anilu Vazquez-Ubarri sold 101,937 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 transaction of $4,244,656.68. Following the transaction, the chief operating officer now owns 333,711 shares in the company, valued at approximately $13,895,726.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 value of $72,411.96. Following the transaction, the insider now owns 22,860 shares of the company’s stock, valued at $951,890.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Anilu Vazquez-Ubarri sold 101,937 shares of the company’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 $4,244,656.68. Following the sale, the chief operating officer now directly owns 333,711 shares of the company’s stock, valued at $13,895,726.04. The disclosure for this sale can be found here. Insiders sold 2,434,129 shares of company stock valued at $101,357,132 over the last 90 days. Corporate insiders own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TPG shares. Morgan Stanley upped their price objective on shares of TPG from $31.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. UBS Group increased their target price on TPG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods increased their price target on shares of TPG from $42.00 to $48.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Citigroup boosted their price objective on shares of TPG from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $42.00 target price (up from $36.00) on shares of TPG in a research note on Wednesday, February 14th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.