Triple-S Management (NYSE:GTS) announced its quarterly earnings data on Thursday. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18, Briefing.com reports. Triple-S Management had a net margin of 1.17% and a return on equity of 3.63%. The company had revenue of $836.00 million during the quarter, compared to analyst estimates of $819.42 million. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Triple-S Management updated its FY19 guidance to $2.50-2.70 EPS.
GTS traded down $0.31 during mid-day trading on Friday, reaching $18.37. 341,972 shares of the company traded hands, compared to its average volume of 176,619. The stock has a market capitalization of $365.31 million, a P/E ratio of -12.50, a P/E/G ratio of 0.63 and a beta of 0.22. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average price is $14.69 and its 200-day moving average price is $21.24. Triple-S Management has a 52-week low of $12.66 and a 52-week high of $27.86.
A number of equities analysts recently weighed in on GTS shares. TheStreet lowered shares of Triple-S Management from a “b” rating to a “c+” rating in a report on Monday, September 9th. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, October 8th. ValuEngine lowered shares of Triple-S Management from a “hold” rating to a “sell” rating in a report on Friday. Finally, Wells Fargo & Co decreased their price objective on shares of Triple-S Management from $27.00 to $21.00 and set a “market perform” rating for the company in a report on Thursday, September 12th.
Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities.
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