What is Desjardins’ Forecast for Trisura Group Q3 Earnings?

Trisura Group Ltd. (TSE:TSU) – Research analysts at Desjardins decreased their Q3 2024 earnings per share estimates for shares of Trisura Group in a report issued on Tuesday, October 22nd. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $0.64 for the quarter, down from their previous forecast of $0.73. The consensus estimate for Trisura Group’s current full-year earnings is $3.13 per share.

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

Other equities analysts have also issued reports about the company. Scotiabank increased their price objective on Trisura Group from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. TD Securities set a C$52.00 price objective on shares of Trisura Group and gave the company a “buy” rating in a report on Thursday, September 19th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$57.44.

Trisura Group Stock Down 0.2 %

TSU opened at C$42.02 on Friday. Trisura Group has a twelve month low of C$29.39 and a twelve month high of C$46.75. The company’s 50-day moving average price is C$42.12 and its two-hundred day moving average price is C$42.26. The stock has a market cap of C$2.00 billion, a price-to-earnings ratio of 22.59 and a beta of 0.82. The company has a quick ratio of 0.22, a current ratio of 76.83 and a debt-to-equity ratio of 15.83.

Insiders Place Their Bets

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