Trisura Group (TSU) Set to Announce Earnings on Thursday

Trisura Group (TSE:TSU) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Trisura Group to post earnings of C$0.68 per share for the quarter.

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

Trisura Group Stock Performance

Shares of TSU opened at C$43.04 on Thursday. The firm’s 50 day moving average is C$42.34 and its 200-day moving average is C$36.67. The stock has a market capitalization of C$2.04 billion, a P/E ratio of 286.93 and a beta of 0.82. The company has a debt-to-equity ratio of 13.67, a current ratio of 2.46 and a quick ratio of 0.22. Trisura Group has a 12-month low of C$29.05 and a 12-month high of C$44.83.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Cormark lifted their target price on shares of Trisura Group from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. National Bankshares lifted their target price on shares of Trisura Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research 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 stock an “outperform” rating in a research report on Monday, February 12th. BMO Capital Markets lifted their target price on shares of Trisura Group from C$49.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Finally, Scotiabank lifted their target price on shares of Trisura Group from C$54.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$55.63.

Insider Buying and Selling

In related news, Director Michael Beasley sold 38,822 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. In other Trisura Group news, Director Michael Beasley sold 38,822 shares of Trisura Group stock in a transaction that occurred on 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 Trisura Group stock in a transaction that occurred 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. Over the last three months, insiders sold 94,825 shares of company stock worth $4,100,283. 1.62% of the stock is 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.