TPG (TPG) Expected to Announce Quarterly Earnings on Tuesday

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

TPG (NASDAQ:TPG) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $855.40 million for the quarter, compared to analysts’ expectations of $449.98 million. TPG had a return on equity of 23.45% and a net margin of 0.69%. During the same period last year, the business posted $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 Price Performance

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

Insider Activity

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on TPG. Evercore ISI upped their price objective on TPG from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Wells Fargo & Company lowered their price target on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley lifted their price objective on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on shares of TPG from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a report on Monday, November 11th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.