-$0.17 EPS Expected for Triple-S Management Corporation (NYSE:GTS) This Quarter
Equities analysts forecast that Triple-S Management Corporation (NYSE:GTS) will announce ($0.17) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Triple-S Management Corporation’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.18). Triple-S Management Corporation reported earnings per share of $0.16 in the same quarter last year, which would indicate a negative year-over-year growth rate of 206.3%. The business is scheduled to announce its next earnings results before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Triple-S Management Corporation will report full-year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $0.25. For the next fiscal year, analysts anticipate that the business will report earnings of $1.23 per share, with EPS estimates ranging from $0.95 to $1.50. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Triple-S Management Corporation.
Triple-S Management Corporation (NYSE:GTS) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.09 by $0.29. The firm had revenue of $722.50 million for the quarter, compared to the consensus estimate of $748.76 million. Triple-S Management Corporation had a negative return on equity of 0.44% and a net margin of 0.33%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS.
Separately, Zacks Investment Research raised Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in Triple-S Management Corporation by 2.3% in the fourth quarter. State Street Corp now owns 511,057 shares of the company’s stock worth $10,577,000 after buying an additional 11,281 shares in the last quarter. Federated Investors Inc. PA boosted its position in Triple-S Management Corporation by 5.2% in the fourth quarter. Federated Investors Inc. PA now owns 19,215 shares of the company’s stock worth $398,000 after buying an additional 947 shares in the last quarter. Two Sigma Investments LP boosted its position in Triple-S Management Corporation by 85.9% in the fourth quarter. Two Sigma Investments LP now owns 60,712 shares of the company’s stock worth $1,257,000 after buying an additional 28,046 shares in the last quarter. Tudor Investment Corp Et Al boosted its position in Triple-S Management Corporation by 71.2% in the fourth quarter. Tudor Investment Corp Et Al now owns 20,577 shares of the company’s stock worth $426,000 after buying an additional 8,557 shares in the last quarter. Finally, Strs Ohio boosted its position in Triple-S Management Corporation by 22.5% in the first quarter. Strs Ohio now owns 39,200 shares of the company’s stock worth $688,000 after buying an additional 7,200 shares in the last quarter. 81.95% of the stock is owned by institutional investors.
Triple-S Management Corporation (NYSE:GTS) traded down 0.81% during trading on Tuesday, hitting $16.01. 68,453 shares of the stock traded hands. The company has a 50-day moving average price of $16.62 and a 200 day moving average price of $18.53. Triple-S Management Corporation has a one year low of $15.81 and a one year high of $26.86. The stock has a market cap of $386.53 million, a PE ratio of 40.63 and a beta of 0.60.
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About Triple-S Management Corporation
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial, Medicaid and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.
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