Triple-S Management Corp. (GTS) Announces Quarterly Results
Triple-S Management Corp. (NYSE:GTS) announced its earnings results on Tuesday. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.61, AnalystRatings.Net reports. The company had revenue of $590.70 million for the quarter, compared to the consensus estimate of $586.64 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis.
GTS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Triple-S Management Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $19.90 price target on the stock. On the ratings front, analysts at TheStreet upgraded shares of Triple-S Management Corp. to a “buy” rating in a research note on Thursday, July 3rd. Finally, analysts at Credit Suisse raised their price target on shares of Triple-S Management Corp. from $17.00 to $19.00 in a research note on Wednesday, May 14th. They now have a “neutral” rating on the stock.
Triple-S Management Corp. (NYSE:GTS) traded up 5.21% during mid-day trading on Tuesday, hitting $18.17. The stock had a trading volume of 41,587 shares. Triple-S Management Corp. has a 1-year low of $14.70 and a 1-year high of $20.77. The stock’s 50-day moving average is $17.73 and its 200-day moving average is $17.12. The company has a market cap of $495.5 million and a P/E ratio of 10.48.
Triple-S Management Corporation (NYSE:GTS) is a managed care company in Puerto Rico, serving approximately 1,684,000 members across all regions.
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