TPG (TPG) Set to Announce Earnings on Monday

TPG (NASDAQ:TPG) will be issuing its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

TPG (NASDAQ:TPG) last released its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $744.19 million for the quarter, compared to analyst estimates of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same quarter last year, the firm posted $0.26 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 %

TPG stock opened at $65.94 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $24.06 billion, a PE ratio of -188.39, a P/E/G ratio of 1.07 and a beta of 1.49. The firm’s 50-day moving average is $58.52 and its 200 day moving average is $49.04. TPG has a 12 month low of $28.22 and a 12 month high of $69.86.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.42 per share. This is an increase from TPG’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Friday, August 16th. TPG’s dividend payout ratio (DPR) is presently -479.99%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Evercore ISI lifted their price objective on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Wells Fargo & Company increased their target price on TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley lifted their price target on TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group upped their price objective on TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $52.25.

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.