Triple-S Management Corporation (NYSE:GTS) Announces Earnings Results
Triple-S Management Corporation (NYSE:GTS) issued its quarterly earnings results on Tuesday. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.57, MarketWatch Earnings reports. The business had revenue of $745.90 million during the quarter, compared to analysts’ expectations of $723.25 million. Triple-S Management Corporation had a negative return on equity of 0.44% and a net margin of 0.33%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share.
Shares of Triple-S Management Corporation (NYSE GTS) opened at 15.58 on Tuesday. The firm has a 50-day moving average price of $16.26 and a 200-day moving average price of $17.51. The stock has a market cap of $376.15 million, a PE ratio of 39.54 and a beta of 0.58. Triple-S Management Corporation has a 12 month low of $15.05 and a 12 month high of $25.30.
COPYRIGHT VIOLATION NOTICE: “Triple-S Management Corporation (NYSE:GTS) Announces Earnings Results” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/08/08/triple-s-management-corporation-nysegts-announces-earnings-results.html.
Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new position in shares of Triple-S Management Corporation during the first quarter valued at about $102,000. Public Employees Retirement System of Ohio boosted its position in shares of Triple-S Management Corporation by 16.0% in the first quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock valued at $102,000 after buying an additional 803 shares during the period. UBS Group AG boosted its position in shares of Triple-S Management Corporation by 81.1% in the first quarter. UBS Group AG now owns 7,677 shares of the company’s stock valued at $135,000 after buying an additional 3,439 shares during the period. SG Americas Securities LLC bought a new position in shares of Triple-S Management Corporation during the first quarter valued at about $189,000. Finally, Nine Chapters Capital Management LLC bought a new position in shares of Triple-S Management Corporation during the first quarter valued at about $218,000. 81.24% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th.
Triple-S Management Corporation Company Profile
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.
Receive News & Ratings for Triple-S Management Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple-S Management Corporation and related companies with MarketBeat.com's FREE daily email newsletter.