November 10, 2019 at 7:12 pm

Triple-S Management (NYSE:GTS) Posts Earnings Results, Beats Estimates By $0.18 EPS


Triple-S Management (NYSE:GTS) issued its quarterly earnings data on Thursday. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.18, reports. The business had revenue of $836.00 million for the quarter, compared to analyst estimates of $819.42 million. Triple-S Management had a return on equity of 3.63% and a net margin of 1.17%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. Triple-S Management updated its FY19 guidance to $2.50-2.70 EPS.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.

GTS traded down $0.31 during midday trading on Friday, reaching $18.37. The company’s stock had a trading volume of 341,972 shares, compared to its average volume of 176,619. The stock has a market cap of $365.31 million, a P/E ratio of -12.50, a PEG ratio of 0.63 and a beta of 0.22. The company has a fifty day simple moving average of $14.69 and a 200 day simple moving average of $21.24. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03. Triple-S Management has a twelve month low of $12.66 and a twelve month high of $27.86.

A number of analysts have issued reports on GTS shares. ValuEngine lowered Triple-S Management from a “hold” rating to a “sell” rating in a report on Friday. Wells Fargo & Co lowered their target price on Triple-S Management from $27.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. TheStreet lowered Triple-S Management from a “b” rating to a “c+” rating in a report on Monday, September 9th. Finally, Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, October 8th.

About Triple-S Management

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities.

Read More: How is a management fee different from a performance fee?

Earnings History for Triple-S Management (NYSE:GTS)

Leave a Comment

Your email address will not be published. Required fields are marked *