Triple-S Management (NYSE:GTS) announced its quarterly earnings data on Thursday. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.70, Briefing.com reports. Triple-S Management had a net margin of 1.17% and a return on equity of 3.73%. The firm had revenue of $878.60 million during the quarter, compared to analyst estimates of $792.75 million. During the same period in the previous year, the business posted $0.44 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. Triple-S Management updated its FY 2019 guidance to $2.40-2.60 EPS and its FY19 guidance to $2.40-2.60 EPS.
Triple-S Management stock traded down $0.16 during mid-day trading on Friday, reaching $25.66. 101,395 shares of the company traded hands, compared to its average volume of 103,158. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s 50 day moving average price is $24.29. The stock has a market capitalization of $627.08 million, a price-to-earnings ratio of -17.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.25. Triple-S Management has a 52-week low of $15.45 and a 52-week high of $27.86.
Several research analysts recently commented on the stock. ValuEngine downgraded shares of Triple-S Management from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research downgraded shares of Triple-S Management from a “buy” rating to a “hold” rating in a research note on Saturday.
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.
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