TPG (TPG) Expected to Announce Quarterly Earnings on Tuesday

TPG (NASDAQ:TPG) is anticipated to release its earnings data before the market opens on Tuesday, February 11th. Analysts expect TPG to post earnings of $0.52 per share and revenue of $463.18 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

TPG (NASDAQ:TPG) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. TPG had a net margin of 0.69% and a return on equity of 23.45%. The business had revenue of $855.40 million during the quarter, compared to analysts’ expectations of $449.98 million. During the same period last year, the business earned $0.56 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 Trading Down 2.6 %

Shares of NASDAQ TPG opened at $65.47 on Tuesday. The stock’s 50-day moving average is $66.50 and its two-hundred day moving average is $60.30. TPG has a 1-year low of $39.18 and a 1-year high of $72.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.25.

Insider Transactions at TPG

In other TPG news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total value of $104,937.45. Following the completion of the sale, the director now directly owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 76.48% of the company’s stock.

Analysts Set New Price Targets

TPG has been the topic of a number of analyst reports. The Goldman Sachs Group raised their price target on TPG from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company cut their target price on TPG from $83.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price objective on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Morgan Stanley boosted their price objective on shares of TPG from $55.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Evercore ISI increased their target price on shares of TPG from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.00.

TPG Company Profile

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.