Desjardins Weighs in on Trisura Group Ltd.’s Q1 2024 Earnings (TSE:TSU)

Trisura Group Ltd. (TSE:TSU) – Desjardins issued their Q1 2024 EPS estimates for shares of Trisura Group in a research report issued on Monday, April 22nd. Desjardins analyst D. Young forecasts that the company will post earnings of $0.63 per share for the quarter. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Trisura Group’s current full-year earnings is $2.72 per share. Desjardins also issued estimates for Trisura Group’s Q2 2024 earnings at $0.69 EPS, Q3 2024 earnings at $0.72 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.68 EPS and FY2025 earnings at $3.12 EPS.

Trisura Group (TSE:TSU) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, topping the consensus estimate of C$0.49 by C$0.05. The business had revenue of C$754.95 million during the quarter. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%.

Other equities analysts have also recently issued reports about the stock. Scotiabank lifted their target price on shares of Trisura Group from C$56.00 to C$59.00 in a report on Friday. National Bankshares lifted their target price on shares of Trisura Group from C$64.00 to C$65.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Royal Bank of Canada lifted their target price on shares of Trisura Group from C$40.00 to C$44.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Raymond James lifted their target price on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Finally, Cormark lifted their target price on shares of Trisura Group from C$51.00 to C$52.00 and gave the company a “buy” rating in a report on Monday, February 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$56.00.

Trisura Group Stock Down 2.0 %

Shares of TSE:TSU opened at C$42.65 on Thursday. The company has a market capitalization of C$2.02 billion, a PE ratio of 284.80 and a beta of 0.82. The company has a current ratio of 2.46, a quick ratio of 0.22 and a debt-to-equity ratio of 13.67. Trisura Group has a twelve month low of C$29.05 and a twelve month high of C$44.83. The firm has a 50 day simple moving average of C$42.42 and a 200-day simple moving average of C$36.77.

Insider Transactions at Trisura Group

In other news, Director Chris Yoshio Sekine sold 55,518 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. In related news, Director Michael Beasley sold 38,822 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total value of C$1,680,022.05. Also, Director Chris Yoshio Sekine sold 55,518 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. Insiders have sold a total of 94,825 shares of company stock valued at $4,100,283 in the last ninety days. 1.62% of the stock is currently owned by company insiders.

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.