National Bank Financial Comments on Trisura Group Ltd.’s Q2 2024 Earnings (TSE:TSU)

Trisura Group Ltd. (TSE:TSU) – Investment analysts at National Bank Financial raised their Q2 2024 earnings per share (EPS) estimates for shares of Trisura Group in a research report issued 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 previous forecast 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.

Trisura Group (TSE:TSU) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share (EPS) for the quarter, topping 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 during the quarter.

TSU has been the topic of several other research reports. BMO Capital Markets upped their price objective on Trisura Group from C$52.00 to C$54.00 in a research report on Monday. Desjardins boosted their price target on shares of Trisura Group from C$48.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday. Raymond James upped their price objective 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. National Bankshares lifted their target price on shares of Trisura Group from C$65.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Royal Bank of Canada upped their price target on shares of Trisura Group from C$44.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Monday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$57.56.

Trisura Group Stock Performance

TSU opened at C$45.37 on Tuesday. The company has a current ratio of 2.46, a quick ratio of 0.22 and a debt-to-equity ratio of 13.67. The firm has a 50 day moving average of C$42.58 and a two-hundred day moving average of C$37.62. Trisura Group has a 12-month low of C$29.05 and a 12-month high of C$46.08. The firm has a market capitalization of C$2.15 billion, a PE ratio of 31.95 and a beta of 0.81.

Insider Transactions at Trisura Group

In other news, Director Chris Yoshio Sekine sold 55,518 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total value of C$2,399,837.72. In other Trisura Group news, Director Michael Beasley sold 38,822 shares of Trisura Group stock in a transaction dated 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. Also, Director Chris Yoshio Sekine sold 55,518 shares of the business’s stock in a transaction dated 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 have sold 94,825 shares of company stock valued at $4,100,283. Corporate insiders own 1.10% 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.