TPG (TPG) to Release Quarterly Earnings on Tuesday

TPG (NASDAQ:TPG) will be announcing its earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

TPG (NASDAQ:TPG) last announced its earnings results on Wednesday, May 8th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.43 by $0.06. The business had revenue of $512.30 million during the quarter, compared to the consensus estimate of $452.87 million. TPG had a net margin of 2.74% and a return on equity of 21.16%. TPG’s revenue was up 64.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. 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

Shares of TPG stock opened at $45.08 on Monday. The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of -321.98, a PEG ratio of 0.80 and a beta of 1.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. The company has a 50-day simple moving average of $43.43 and a 200 day simple moving average of $43.55. TPG has a 52 week low of $26.03 and a 52 week high of $51.62.

TPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, May 17th. TPG’s payout ratio is -1,171.34%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen reduced their target price on shares of TPG from $44.00 to $42.00 and set a “hold” rating for the company in a report on Monday, July 8th. JMP Securities reissued a “market perform” rating on shares of TPG in a report on Tuesday, April 9th. UBS Group boosted their price objective on shares of TPG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 12th. Morgan Stanley raised shares of TPG from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $43.00 to $52.00 in a report on Friday, May 10th. Finally, Jefferies Financial Group cut their price objective on shares of TPG from $46.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, TPG has a consensus rating of “Hold” and a consensus target price of $42.83.

Insider Activity

In other news, Director Deborah M. Messemer sold 4,089 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $46.55, for a total value of $190,342.95. Following the completion of the transaction, the director now directly owns 17,536 shares in the company, valued at approximately $816,300.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 76.48% of the company’s stock.

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.