Trisura Group Ltd. to Post Q2 2024 Earnings of $0.74 Per Share, National Bank Financial Forecasts (TSE:TSU)

Trisura Group Ltd. (TSE:TSU) – Equities research analysts at National Bank Financial raised their Q2 2024 earnings per share estimates for Trisura Group in a report released on Sunday, May 5th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $0.74 per share for the quarter, up from their prior estimate of $0.69. The consensus estimate for Trisura Group’s current full-year earnings is $2.70 per share. National Bank Financial also issued estimates for Trisura Group’s Q3 2024 earnings at $0.76 EPS, Q4 2024 earnings at $0.67 EPS, FY2024 earnings at $2.86 EPS and FY2025 earnings at $3.35 EPS.

Several other equities research analysts have also issued reports on the stock. National Bankshares boosted their price target on shares of Trisura Group from C$65.00 to C$67.00 and gave the company an “outperform” rating in a report on Monday. Royal Bank of Canada upped their target price on shares of Trisura Group from C$44.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday. CIBC raised their price target on shares of Trisura Group from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Desjardins lifted their price objective on Trisura Group from C$48.00 to C$53.00 and gave the company a “buy” rating in a report on Monday. Finally, BMO Capital Markets increased their target price on Trisura Group from C$52.00 to C$54.00 in a report on Monday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$57.56.

Trisura Group Stock Up 0.4 %

Shares of TSU opened at C$45.37 on Tuesday. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.22 and a current ratio of 2.46. The company has a 50-day simple moving average of C$42.58 and a 200-day simple moving average of C$37.62. Trisura Group has a 52 week low of C$29.05 and a 52 week high of C$46.08. The firm has a market capitalization of C$2.15 billion, a P/E ratio of 31.95 and a beta of 0.81.

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

Insider Buying and Selling

In related news, Director Michael Beasley sold 38,822 shares of Trisura Group stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total value 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 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 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 the last quarter, insiders have sold 94,825 shares of company stock valued at $4,100,283. 1.10% of the stock is 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.