Media stories about Triple-S Management (NYSE:GTS) have trended somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Triple-S Management earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.5615043048555 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Zacks: Triple-S Management Corp. (GTS) Given $28.00 Consensus Price Target by Analysts (americanbankingnews.com)
- EmblemHealth reaches settlement with New York AG over mailing snafu (healthdatamanagement.com)
- Zacks: Triple-S Management Corp. (GTS) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Executive Production Site Support (efinancialcareers.com)
Several analysts recently commented on the company. ValuEngine upgraded Triple-S Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 2nd. Zacks Investment Research cut Triple-S Management from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.50.
Triple-S Management (NYSE:GTS) last announced its earnings results on Thursday, March 1st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.27 by $0.67. Triple-S Management had a return on equity of 5.10% and a net margin of 1.87%. The business had revenue of $706.80 million for the quarter, compared to the consensus estimate of $761.29 million. During the same period in the previous year, the business earned $0.14 EPS. Triple-S Management’s revenue was down 3.3% compared to the same quarter last year. equities analysts expect that Triple-S Management will post 1.85 EPS for the current year.
Triple-S Management announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 1st that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
About Triple-S Management
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial, Medicaid and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.
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