Triple-S Management (NYSE:GTS) released its quarterly earnings data on Thursday. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18, Briefing.com reports. The company had revenue of $836.00 million for the quarter, compared to the consensus estimate of $819.42 million. Triple-S Management had a return on equity of 3.63% and a net margin of 1.17%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. Triple-S Management updated its FY19 guidance to $2.50-2.70 EPS.
Shares of Triple-S Management stock traded down $0.31 during trading hours on Friday, reaching $18.37. The stock had a trading volume of 341,972 shares, compared to its average volume of 176,619. The firm has a 50 day simple moving average of $14.69 and a two-hundred day simple moving average of $21.24. The firm has a market capitalization of $365.31 million, a price-to-earnings ratio of -12.50, a P/E/G ratio of 0.63 and a beta of 0.22. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03. Triple-S Management has a 1 year low of $12.66 and a 1 year high of $27.86.
GTS has been the topic of a number of research reports. TheStreet downgraded Triple-S Management from a “b” rating to a “c+” rating in a report on Monday, September 9th. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, October 8th. Wells Fargo & Co cut their price objective on Triple-S Management from $27.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. Finally, ValuEngine downgraded Triple-S Management from a “hold” rating to a “sell” rating in a report on Friday.
About Triple-S Management
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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