TPG (TPG) to Release Earnings on Monday

TPG (NASDAQ:TPG) is scheduled to announce its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. The firm had revenue of $744.19 million for the quarter, compared to analyst estimates 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 earnings per share. On average, analysts expect TPG to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TPG Price Performance

Shares of TPG opened at $65.94 on Friday. The firm has a market cap of $24.06 billion, a PE ratio of -188.39, a PEG ratio of 1.08 and a beta of 1.53. The firm’s 50 day moving average price is $58.52 and its 200 day moving average price is $49.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.25 and a current ratio of 0.25. TPG has a twelve month low of $28.22 and a twelve month high of $69.86.

TPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.55%. The ex-dividend date was Friday, August 16th. This is a positive change from TPG’s previous quarterly dividend of $0.41. TPG’s dividend payout ratio (DPR) is presently -479.99%.

Analyst Ratings Changes

TPG has been the topic of several recent research reports. Evercore ISI raised their price objective on shares of TPG from $46.00 to $60.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Wells Fargo & Company lifted their price target on shares of TPG from $60.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on shares of TPG from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley lifted their price target on shares of TPG from $55.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TPG from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently 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.