Cormark Weighs in on Trisura Group Ltd.’s Q2 2024 Earnings (TSE:TSU)

Trisura Group Ltd. (TSE:TSU) – Equities researchers at Cormark issued their Q2 2024 EPS estimates for Trisura Group in a research note issued to investors on Tuesday, July 23rd. Cormark analyst J. Fenwick forecasts that the company will earn $0.66 per share for the quarter. The consensus estimate for Trisura Group’s current full-year earnings is $2.75 per share. Cormark also issued estimates for Trisura Group’s Q3 2024 earnings at $0.74 EPS, Q4 2024 earnings at $0.77 EPS, FY2024 earnings at $2.85 EPS and FY2025 earnings at $3.47 EPS.

Trisura Group (TSE:TSU) last issued its earnings results on Thursday, May 2nd. The company reported C$0.68 EPS for the quarter, beating analysts’ consensus estimates of C$0.66 by C$0.02. Trisura Group had a return on equity of 15.22% and a net margin of 3.03%. The firm had revenue of C$744.27 million for the quarter.

A number of other analysts have also recently issued reports on the stock. Royal Bank of Canada lifted 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, May 6th. BMO Capital Markets lifted their price objective on shares of Trisura Group from C$52.00 to C$54.00 in a research note on Monday, May 6th. Scotiabank upped their price objective on shares of Trisura Group from C$59.00 to C$62.00 in a report on Wednesday. CIBC raised their target price on Trisura Group from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, Desjardins boosted their price target on Trisura Group from C$48.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$57.89.

Trisura Group Trading Up 2.3 %

Shares of TSE TSU opened at C$45.10 on Friday. The business has a 50 day simple moving average of C$41.99 and a 200 day simple moving average of C$41.36. Trisura Group has a 52 week low of C$29.05 and a 52 week high of C$46.08. The stock has a market cap of C$2.14 billion, a price-to-earnings ratio of 23.86 and a beta of 0.81. The company has a debt-to-equity ratio of 12.85, a quick ratio of 0.22 and a current ratio of 63.09.

Insider Buying and Selling at Trisura Group

In related news, Director Chris Yoshio Sekine sold 2,800 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$42.16, for a total value of C$118,048.00. In other news, Director Chris Yoshio Sekine sold 2,800 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$42.16, for a total transaction of C$118,048.00. Also, Director David Charles Scotland sold 42,470 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of C$41.85, for a total transaction of C$1,777,186.88. 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.