Trisura Group Ltd. (TSE:TSU) Forecasted to Post Q2 2024 Earnings of $0.66 Per Share

Trisura Group Ltd. (TSE:TSU) – Stock analysts at Cormark issued their Q2 2024 EPS estimates for Trisura Group in a research report issued on Tuesday, July 23rd. Cormark analyst J. Fenwick anticipates that the company will post earnings of $0.66 per share for the quarter. The consensus estimate for Trisura Group’s current full-year earnings is $2.75 per share. Cormark also issued estimates for Trisura Group’s Q3 2024 earnings at $0.74 EPS, Q4 2024 earnings at $0.77 EPS, FY2024 earnings at $2.85 EPS and FY2025 earnings at $3.47 EPS.

A number of other analysts have also recently issued reports on the company. Desjardins upped their target price on Trisura Group from C$48.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, May 6th. BMO Capital Markets raised their target price on shares of Trisura Group from C$52.00 to C$54.00 in a research report on Monday, May 6th. National Bankshares lifted their target price on shares of Trisura Group from C$65.00 to C$67.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Scotiabank increased their price target on shares of Trisura Group from C$59.00 to C$62.00 in a research note on Wednesday. Finally, CIBC lifted their price objective on shares of Trisura Group from C$55.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$57.89.

Trisura Group Stock Performance

Shares of TSU stock opened at C$45.10 on Friday. The stock’s 50-day moving average is C$41.99 and its two-hundred day moving average is C$41.36. The company has a debt-to-equity ratio of 12.85, a quick ratio of 0.22 and a current ratio of 63.09. Trisura Group has a 1 year low of C$29.05 and a 1 year high of C$46.08. The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 23.86 and a beta of 0.81.

Trisura Group (TSE:TSU) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.68 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.66 by C$0.02. The company had revenue of C$744.27 million for the quarter. Trisura Group had a net margin of 3.03% and a return on equity of 15.22%.

Insiders Place Their Bets

In related news, Director David Charles Scotland sold 42,470 shares of Trisura Group stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$41.85, for a total transaction of C$1,777,186.88. In related news, Director David Charles Scotland sold 42,470 shares of Trisura Group stock in a transaction dated Monday, June 17th. The stock was sold at an average price of C$41.85, for a total transaction of C$1,777,186.88. Also, Director Chris Yoshio Sekine sold 2,800 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$42.16, for a total transaction of C$118,048.00. 1.10% of the stock is currently owned by company insiders.

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.