Trisura Group (TSU) Set to Announce Earnings on Thursday

Trisura Group (TSE:TSU) is scheduled to be releasing its earnings data after the market closes on Thursday, August 1st. Analysts expect Trisura Group to post earnings of C$0.68 per share for the quarter.

Trisura Group (TSE:TSU) last announced its earnings results 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. Trisura Group had a return on equity of 15.22% and a net margin of 3.03%. The firm had revenue of C$744.27 million for the quarter.

Trisura Group Stock Performance

Shares of TSE TSU traded up C$0.75 during midday trading on Tuesday, reaching C$45.98. The company’s stock had a trading volume of 43,099 shares, compared to its average volume of 73,953. Trisura Group has a 12-month low of C$29.05 and a 12-month high of C$46.41. The firm has a 50 day moving average price of C$42.04 and a 200-day moving average price of C$41.50. The stock has a market capitalization of C$2.18 billion, a P/E ratio of 23.93 and a beta of 0.81. The company has a debt-to-equity ratio of 12.85, a current ratio of 63.09 and a quick ratio of 0.22.

Insider Buying and Selling at Trisura Group

In other Trisura Group news, Director Chris Yoshio Sekine sold 2,800 shares of Trisura Group 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. In other Trisura Group news, Director Chris Yoshio Sekine sold 2,800 shares of Trisura Group 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. Also, Director David Charles Scotland sold 42,470 shares of Trisura Group stock in a transaction dated Monday, June 17th. The shares were sold at an average price of C$41.85, for a total value of C$1,777,186.88. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TSU. Scotiabank boosted their target price on Trisura Group from C$59.00 to C$62.00 in a research note on Wednesday, July 24th. Royal Bank of Canada upped their price objective on Trisura Group from C$44.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. CIBC upped their price objective on 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. BMO Capital Markets upped their price objective on Trisura Group from C$52.00 to C$54.00 in a research note on Monday, May 6th. Finally, Desjardins upped their price objective on Trisura Group from C$48.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$57.89.

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.