TPG (TPG) to Release Earnings on Monday

TPG (NASDAQ:TPG) is set to release its 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 announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $744.19 million during the quarter, compared to the consensus estimate of $449.34 million. TPG had a net margin of 1.08% and a return on equity of 24.27%. During the same quarter last year, the firm earned $0.26 EPS. On average, analysts expect TPG to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TPG Stock Down 2.3 %

Shares of NASDAQ:TPG opened at $67.33 on Monday. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of -480.93, a PEG ratio of 1.07 and a beta of 1.53. TPG has a 12-month low of $26.62 and a 12-month high of $69.86. The business has a 50-day moving average price of $56.68 and a 200 day moving average price of $48.27. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37.

TPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.42 per share. This is a positive change from TPG’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.68 annualized dividend and a yield of 2.50%. TPG’s dividend payout ratio is presently -1,200.00%.

Analyst Ratings Changes

TPG has been the subject of several recent research reports. Evercore ISI lifted their price objective on TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of TPG from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Morgan Stanley raised their price objective on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. The Goldman Sachs Group boosted their target price on shares of TPG from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, TD Cowen dropped their target price on TPG from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $52.25.

About TPG

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.