Brokers Offer Predictions for Trisura Group FY2024 Earnings

Trisura Group Ltd. (TSE:TSU) – Stock analysts at National Bank Financial dropped their FY2024 earnings per share estimates for Trisura Group in a research note issued on Sunday, November 10th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $2.59 for the year, down from their previous estimate of $2.63. 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 $0.58 EPS, FY2025 earnings at $3.04 EPS and FY2026 earnings at $3.71 EPS.

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

Trisura Group Stock Performance

The business’s fifty day simple moving average is C$42.18 and its 200-day simple moving average is C$42.29. Trisura Group has a 12-month low of C$30.82 and a 12-month high of C$46.75. The firm has a market cap of C$1.93 billion, a PE 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.

Insiders Place Their Bets

In related news, Director Michael Beasley sold 33,176 shares of the stock in a transaction dated 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. In related news, Director David James Clare sold 2,907 shares of the stock in a transaction dated 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 business’s stock in a transaction dated 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. Corporate insiders own 1.09% of the company’s stock.

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.