Triple-S Management Corp. (GTS) Releases Earnings Results, Misses Expectations By $-0.14 EPS

Triple-S Management Corp. (GTS) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.14. Analysts had a consensus of $0.28. The company posted revenue of $755.80 million in the period, compared to analysts expectations of $743.53 million. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Triple-S Management Corp. closed down -0.38 points or -1.44% at $26.04 with 1,49,775 shares getting traded on Wednesday. Post opening the session at $26.36, the shares hit an intraday low of $25.87 and an intraday high of $26.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 14, 2015, Juan J. Diaz (Chief Information Officer) sold 416 shares at $24.42 per share price. According to the SEC, on Sep 3, 2015, Francisco Tonarely-barreto (director) sold 1,000 shares at $20.80 per share price. On Jun 1, 2015, Arturo Carrion (President, Triple-S Vida, Inc.) sold 1,100 shares at $23.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Triple-S Management Corporation is a provider of life insurance policies. The Company offers a portfolio of managed care and related products in the commercial and medicare markets. It operates in three segments: Managed Care Life Insurance and Property and Casualty Insurance. It markets its managed care products through a network of independent agents and brokers located throughout Puerto Rico. The Company provides administration services only or self-insured (ASO) managed care services to Plan de Salud del Gobierno (similar to Medicaid) (PSGor Medicaid) island-wide. It also offers complementary products and services including life insurance accident and disability insurance and property and casualty insurance. It has right to use the Blue Cross and Blue Shield (BCBS) name and mark throughout Puerto Rico the United States Virgin Islands Costa Rica the British Virgin Islands and Anguilla. Its subsidiaries include Triple-S Salud Inc. (TSS) and Triple-S Advantage Inc. (TSA).

Triple-S Management Corp.

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