FY2024 EPS Estimates for Trisura Group Reduced by Desjardins

Trisura Group Ltd. (TSE:TSU) – Stock analysts at Desjardins dropped their FY2024 earnings estimates for shares of Trisura Group in a research report issued on Tuesday, October 22nd. Desjardins analyst D. Young now anticipates that the company will earn $2.60 per share for the year, down from their previous forecast 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.

Other equities analysts also recently issued research reports about the stock. 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 stock a “buy” rating in a report on Thursday, September 19th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Trisura Group currently has a consensus rating of “Buy” and a consensus target price of C$57.44.

Trisura Group Trading Down 0.2 %

TSE:TSU opened at C$42.02 on Thursday. The company has a debt-to-equity ratio of 15.83, a current ratio of 76.83 and a quick ratio of 0.22. The business has a fifty day moving average price of C$42.12 and a 200-day moving average price of C$42.26. The firm has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 22.59 and a beta of 0.82. Trisura Group has a one year low of C$29.39 and a one year high of C$46.75.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, August 1st. The company reported C$0.65 EPS for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.01). The business had revenue of C$772.20 million for the quarter. Trisura Group had a net margin of 2.92% and a return on equity of 14.65%.

Insider Activity at Trisura Group

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. In other news, Director Michael Beasley sold 33,176 shares of the 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. Also, Director David James Clare sold 2,907 shares of Trisura Group stock in a transaction dated Friday, August 30th. The stock was sold at an average price of C$41.76, for a total transaction of C$121,396.32. 1.09% of the stock is owned by 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.