TPG (TPG) to Release Quarterly Earnings on Monday

TPG (NASDAQ:TPG - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Monday, November 4th. Analysts expect TPG to post earnings of $0.48 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

TPG (NASDAQ:TPG - Get Free Report) last issued 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 firm had revenue of $744.19 million for the quarter, compared to analyst estimates of $449.34 million. TPG had a return on equity of 24.27% and a net margin of 1.08%. During the same period last year, the company 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 Trading Up 1.4 %

TPG traded up $0.93 during midday trading on Monday, hitting $68.26. The company's stock had a trading volume of 1,202,153 shares, compared to its average volume of 850,734. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.37. The firm has a market cap of $24.90 billion, a P/E ratio of -192.25, a PEG ratio of 1.07 and a beta of 1.53. The firm has a 50-day moving average price of $56.68 and a two-hundred day moving average price of $48.27. TPG has a 52-week low of $26.81 and a 52-week high of $69.86.

TPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.42 dividend. This is a positive change from TPG's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, August 16th. TPG's payout ratio is currently -479.99%.

Wall Street Analyst Weigh In

TPG has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on TPG from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. TD Cowen reduced their price target on TPG from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Monday, July 8th. JPMorgan Chase & Co. boosted their price target on TPG from $44.00 to $49.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Wells Fargo & Company boosted their price target on TPG from $60.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley boosted their price target on TPG from $55.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.