Triple-S Management (NYSE:GTS) Releases FY19 Earnings Guidance

Triple-S Management (NYSE:GTS) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.40-2.60 for the period, compared to the Thomson Reuters consensus estimate of $2.14. The company issued revenue guidance of $3.29-3.33 billion, compared to the consensus revenue estimate of $3.19 billion.Triple-S Management also updated its FY 2019 guidance to $2.40-2.60 EPS.

Several research firms have issued reports on GTS. ValuEngine cut Triple-S Management from a buy rating to a hold rating in a research note on Friday, July 26th. Zacks Investment Research cut Triple-S Management from a buy rating to a hold rating in a research note on Saturday.

Shares of GTS traded down $0.16 during midday trading on Friday, hitting $25.66. 101,395 shares of the stock were exchanged, compared to its average volume of 103,158. Triple-S Management has a 52-week low of $15.45 and a 52-week high of $27.86. The stock’s fifty day moving average is $24.29. The firm has a market cap of $627.08 million, a price-to-earnings ratio of -17.46, a P/E/G ratio of 1.03 and a beta of 0.25. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03.

Triple-S Management (NYSE:GTS) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.42 by $0.70. Triple-S Management had a return on equity of 3.73% and a net margin of 1.17%. The business had revenue of $878.60 million during the quarter, compared to analyst estimates of $792.75 million. During the same period last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, equities research analysts anticipate that Triple-S Management will post 2.5 earnings per share for the current fiscal year.

About Triple-S Management

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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