TPG Inc. (NASDAQ:TPG) to Post Q1 2023 Earnings of $0.36 Per Share, Jefferies Financial Group Forecasts

Posted by Defense World Staff on Apr 12th, 2023

TPG Inc. (NASDAQ:TPG – Get Rating) – Research analysts at Jefferies Financial Group cut their Q1 2023 earnings per share estimates for TPG in a research note issued on Monday, April 10th. Jefferies Financial Group analyst G. O’hara now anticipates that the company will earn $0.36 per share for the quarter, down from their prior estimate of $0.48. The consensus estimate for TPG’s current full-year earnings is $1.86 per share. Jefferies Financial Group also issued estimates for TPG’s Q2 2023 earnings at $0.50 EPS, Q4 2023 earnings at $0.62 EPS and FY2024 earnings at $2.39 EPS.

A number of other research analysts also recently weighed in on TPG. Wells Fargo & Company increased their target price on TPG from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday, February 16th. JPMorgan Chase & Co. downgraded TPG from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $34.00 in a research note on Tuesday, January 24th. Keefe, Bruyette & Woods raised their price objective on TPG from $37.00 to $38.00 and gave the stock a “market perform” rating in a research note on Thursday, February 16th. Bank of America decreased their price objective on TPG from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, April 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on TPG from $43.00 to $44.00 in a research note on Wednesday, January 11th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.07.

TPG Stock Up 2.7 %

TPG stock opened at $28.98 on Tuesday. TPG has a fifty-two week low of $23.09 and a fifty-two week high of $44.43. The business’s 50-day moving average is $30.82 and its two-hundred day moving average is $31.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $8.96 billion, a price-to-earnings ratio of -144.89, a P/E/G ratio of 1.24 and a beta of 1.48.

TPG (NASDAQ:TPG – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. The business had revenue of $350.18 million for the quarter, compared to analysts’ expectations of $303.48 million. During the same period last year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis.

Hedge Funds Weigh In On TPG

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advanced Research Investment Solutions LLC purchased a new position in TPG during the 3rd quarter valued at $56,000. Renaissance Capital LLC boosted its holdings in TPG by 39.2% during the 3rd quarter. Renaissance Capital LLC now owns 23,368 shares of the company’s stock valued at $651,000 after acquiring an additional 6,582 shares during the period. Pendal Group Ltd purchased a new position in TPG during the 3rd quarter valued at $78,679,000. Massachusetts Financial Services Co. MA boosted its holdings in TPG by 0.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,642,441 shares of the company’s stock valued at $73,565,000 after acquiring an additional 20,141 shares during the period. Finally, Credit Suisse AG boosted its holdings in TPG by 64.6% during the 3rd quarter. Credit Suisse AG now owns 298,952 shares of the company’s stock valued at $8,322,000 after acquiring an additional 117,319 shares during the period. Hedge funds and other institutional investors own 12.94% of the company’s stock.

TPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were issued a $0.50 dividend. This is a boost from TPG’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.90%. TPG’s payout ratio is -999.95%.

About TPG

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TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.