Trisura Group Q3 EPS Reduced by National Bank Financial

Trisura Group Ltd. (TSE:TSU - Free Report) - Research analysts at National Bank Financial decreased their Q3 2024 earnings per share (EPS) estimates for shares of Trisura Group in a note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $0.68 per share for the quarter, down from their prior forecast of $0.70. The consensus estimate for Trisura Group's current full-year earnings is $3.13 per share. National Bank Financial also issued estimates for Trisura Group's Q4 2024 earnings at $0.62 EPS, FY2024 earnings at $2.63 EPS and FY2025 earnings at $3.24 EPS.

Trisura Group (TSE:TSU - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.65 earnings per share for the quarter, missing the consensus estimate of C$0.66 by C($0.01). Trisura Group had a return on equity of 14.65% and a net margin of 2.92%. The business had revenue of C$772.20 million for the quarter.

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

Trisura Group Stock Performance

TSE:TSU traded down C$0.69 during mid-day trading on Thursday, hitting C$41.20. 98,655 shares of the company traded hands, compared to its average volume of 73,297. The stock's fifty day moving average price is C$42.11 and its 200-day moving average price is C$42.28. The firm has a market cap of C$1.96 billion, a price-to-earnings ratio of 22.04 and a beta of 0.82. The company has a quick ratio of 0.22, a current ratio of 76.83 and a debt-to-equity ratio of 15.83. Trisura Group has a one year low of C$30.11 and a one year high of C$46.75.

Insider Activity

In other news, Director Michael Beasley sold 33,176 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$39.95, for a total transaction of C$1,325,530.49. In other Trisura Group news, Director David James Clare sold 2,907 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was 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 business's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of C$39.95, for a total value of C$1,325,530.49. Company insiders own 1.09% of the company's stock.

About Trisura Group

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.