TPG (TPG) to Release Earnings on Tuesday

TPG (NASDAQ:TPG) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $463.18 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

TPG Stock Performance

TPG opened at $62.87 on Monday. The company has a 50 day simple moving average of $65.98 and a two-hundred day simple moving average of $60.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $22.95 billion, a P/E ratio of -184.91, a PEG ratio of 0.88 and a beta of 1.49. TPG has a 1-year low of $39.18 and a 1-year high of $72.98.

Analyst Upgrades and Downgrades

TPG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on TPG from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets upped their price target on TPG from $60.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Evercore ISI lifted their price objective on shares of TPG from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Wells Fargo & Company cut their target price on shares of TPG from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, TD Cowen dropped their price objective on shares of TPG from $62.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Seven equities 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.com, the stock has a consensus rating of “Hold” and an average target price of $63.00.

Insider Transactions at TPG

In other news, Director Deborah M. Messemer sold 1,695 shares of TPG stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $61.91, for a total transaction of $104,937.45. Following the completion of the sale, the director now owns 15,841 shares of the company’s stock, valued at approximately $980,716.31. The trade was a 9.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 76.48% of the company’s stock.

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.