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

Trisura Group Ltd. (TSE:TSU) – Investment analysts at Desjardins issued their Q1 2024 EPS estimates for Trisura Group in a research note issued to investors on Monday, April 22nd. Desjardins analyst D. Young expects 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, beating analysts’ consensus estimates of C$0.49 by C$0.05. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%. The business had revenue of C$754.95 million for the quarter.

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

Trisura Group Price Performance

Shares of TSE TSU opened at C$42.65 on Thursday. Trisura Group has a fifty-two week low of C$29.05 and a fifty-two week high of C$44.83. The firm’s 50-day simple moving average is C$42.42 and its 200 day simple moving average is C$36.77. The company has a quick ratio of 0.22, a current ratio of 2.46 and a debt-to-equity ratio of 13.67. The stock has a market cap of C$2.02 billion, a P/E ratio of 284.80 and a beta of 0.82.

Insiders Place Their Bets

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