Brokers Issue Forecasts for Trisura Group Q3 Earnings

Trisura Group Ltd. (TSE:TSU) – Stock analysts at National Bank Financial decreased their Q3 2024 earnings per share estimates for shares of Trisura Group in a note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $0.68 for the quarter, down from their prior estimate of $0.70. The consensus estimate for Trisura Group’s current full-year earnings is $3.13 per share. National Bank Financial also issued estimates for Trisura Group’s Q4 2024 earnings at $0.62 EPS, FY2024 earnings at $2.63 EPS and FY2025 earnings at $3.24 EPS.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.65 EPS for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.01). The company had revenue of C$772.20 million during the quarter. Trisura Group had a return on equity of 14.65% and a net margin of 2.92%.

A number of other brokerages have also recently commented on TSU. TD Securities set a C$52.00 price target on Trisura Group and gave the stock a “buy” rating in a research note on Thursday, September 19th. Scotiabank lifted their price target on Trisura Group from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$57.44.

Trisura Group Price Performance

Shares of Trisura Group stock opened at C$41.89 on Thursday. The company has a debt-to-equity ratio of 15.83, a current ratio of 76.83 and a quick ratio of 0.22. The business’s 50 day simple moving average is C$42.11 and its two-hundred day simple moving average is C$42.28. The stock has a market capitalization of C$1.99 billion, a P/E ratio of 22.52 and a beta of 0.82. Trisura Group has a one year low of C$30.11 and a one year high of C$46.75.

Insider Activity at Trisura Group

In related news, Director Michael Beasley sold 33,176 shares of Trisura Group stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$39.95, for a total transaction of C$1,325,530.49. In related news, Director Michael Beasley sold 33,176 shares of Trisura Group stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$39.95, for a total transaction of C$1,325,530.49. Also, Director David James Clare sold 2,907 shares of Trisura Group stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$41.76, for a total value of C$121,396.32. 1.09% of the stock is currently owned by corporate insiders.

About Trisura Group

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.