FY2024 EPS Estimates for Trisura Group Lowered by Desjardins

Trisura Group Ltd. (TSE:TSU - Free Report) - Stock analysts at Desjardins cut their FY2024 EPS estimates for shares of Trisura Group in a report released on Tuesday, October 22nd. Desjardins analyst D. Young now anticipates that the company will post earnings of $2.60 per share for the year, down from their previous estimate of $2.68. The consensus estimate for Trisura Group's current full-year earnings is $3.13 per share. Desjardins also issued estimates for Trisura Group's FY2025 earnings at $3.10 EPS and FY2026 earnings at $3.45 EPS.

A number of other analysts have also recently weighed in on the stock. Scotiabank upped their target price on shares of Trisura Group from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. TD Securities set a C$52.00 price objective on shares of Trisura Group and gave the stock a "buy" rating in a research note on Thursday, September 19th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$57.44.

Trisura Group Price Performance

TSE TSU traded down C$0.04 on Thursday, reaching C$42.11. The company's stock had a trading volume of 56,689 shares, compared to its average volume of 73,552. The firm has a market cap of C$2.00 billion, a PE ratio of 22.58 and a beta of 0.82. The business has a 50-day moving average price of C$42.11 and a 200 day moving average price of C$42.26. Trisura Group has a 52 week low of C$29.39 and a 52 week high of C$46.75. 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 (TSE:TSU - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported C$0.65 earnings per share for the quarter, missing analysts' consensus estimates of C$0.66 by C($0.01). The business had revenue of C$772.20 million during the quarter. Trisura Group had a net margin of 2.92% and a return on equity of 14.65%.

Insider Transactions at Trisura Group

In other news, Director Michael Beasley sold 33,176 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of C$39.95, for a total transaction of C$1,325,530.49. In other news, Director David James Clare sold 2,907 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$41.76, for a total transaction of C$121,396.32. Also, Director Michael Beasley sold 33,176 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of C$39.95, for a total transaction of C$1,325,530.49. 1.09% of the stock is owned by company insiders.

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.