Brokers Offer Predictions for Trisura Group FY2024 Earnings

Trisura Group Ltd. (TSE:TSU - Free Report) - Investment analysts at Desjardins reduced their FY2024 EPS estimates for Trisura Group in a research report issued to clients and investors on Monday, February 3rd. Desjardins analyst D. Young now anticipates that the company will earn $2.63 per share for the year, down from their previous estimate of $2.64. The consensus estimate for Trisura Group's current full-year earnings is $3.13 per share.

Trisura Group (TSE:TSU - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported C$0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.68. Trisura Group had a net margin of 2.92% and a return on equity of 14.65%. During the same period in the prior year, the company posted $0.67 earnings per share.

Separately, CIBC dropped their price target on Trisura Group from C$60.00 to C$50.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$56.33.

Trisura Group Stock Performance

TSE:TSU traded up C$0.33 on Thursday, hitting C$33.63. The company's stock had a trading volume of 168,250 shares, compared to its average volume of 101,430. The company has a current ratio of 76.83, a quick ratio of 0.22 and a debt-to-equity ratio of 15.83. Trisura Group has a one year low of C$31.74 and a one year high of C$46.75. The stock has a fifty day moving average of C$37.32 and a two-hundred day moving average of C$40.32. The firm has a market capitalization of C$1.60 billion, a P/E ratio of 18.08 and a beta of 0.82.

Trisura Group Company Profile

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company operates through Trisura Canada and Trisura the United States segments. It also offers risk solutions, fronting, and insurance products, as well as provides business underwriting services.