Trupanion (NASDAQ:TRUP) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Trupanion (NASDAQ:TRUP) announced its quarterly earnings data on Thursday. The financial services provider reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02, Briefing.com reports. The company had revenue of $306.12 million during the quarter, compared to the consensus estimate of $300.51 million. Trupanion had a negative net margin of 4.03% and a negative return on equity of 15.19%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.60) EPS.

Trupanion Stock Down 16.5 %

NASDAQ:TRUP traded down $3.93 during trading hours on Friday, hitting $19.85. 2,327,393 shares of the company traded hands, compared to its average volume of 683,106. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $25.67 and its 200-day simple moving average is $26.77. Trupanion has a one year low of $18.45 and a one year high of $36.82. The company has a market cap of $833.60 million, a PE ratio of -18.38 and a beta of 1.76.

Wall Street Analyst Weigh In

TRUP has been the subject of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Canaccord Genuity Group reduced their price objective on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Friday. Evercore ISI reduced their price target on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Finally, Piper Sandler reduced their price target on shares of Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.33.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.