Triple-S Management (NYSE:GTS) posted its earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18, Briefing.com reports. The firm had revenue of $836.00 million during the quarter, compared to analysts’ expectations of $819.42 million. Triple-S Management had a return on equity of 3.63% and a net margin of 1.17%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Triple-S Management updated its FY19 guidance to $2.50-2.70 EPS.
NYSE GTS traded down $0.31 on Friday, reaching $18.37. The stock had a trading volume of 341,972 shares, compared to its average volume of 176,619. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 0.62. Triple-S Management has a 12-month low of $12.66 and a 12-month high of $27.86. The business’s 50-day moving average price is $14.69 and its 200 day moving average price is $21.24. The stock has a market cap of $365.31 million, a P/E ratio of -12.50, a price-to-earnings-growth ratio of 0.63 and a beta of 0.22.
GTS has been the subject of several recent analyst reports. TheStreet cut Triple-S Management from a “b” rating to a “c+” rating in a research note 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 for the company in a research note on Tuesday, October 8th. ValuEngine cut Triple-S Management from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Wells Fargo & Co reduced their price objective on Triple-S Management from $27.00 to $21.00 and set a “market perform” rating for the company in a research note 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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