FY2024 EPS Estimates for Trisura Group Lowered by Desjardins

Trisura Group Ltd. (TSE:TSU) – Equities researchers at Desjardins lowered their FY2024 EPS estimates for Trisura Group in a research note issued to investors on Tuesday, October 22nd. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $2.60 for the year, down from their previous estimate of $2.68. The consensus estimate for Trisura Group’s current full-year earnings is $3.13 per share. Desjardins also issued estimates for Trisura Group’s FY2025 earnings at $3.10 EPS and FY2026 earnings at $3.45 EPS.

Trisura Group (TSE:TSU) last announced its quarterly earnings data 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 during the quarter. Trisura Group had a net margin of 2.92% and a return on equity of 14.65%.

Several other equities analysts have also commented on the stock. TD Securities set a C$52.00 target price on shares of Trisura Group and gave the company a “buy” rating in a report on Thursday, September 19th. Scotiabank upped their target price 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.com, the stock currently has an average rating of “Buy” and a consensus price target of C$57.44.

Trisura Group Stock Down 0.1 %

TSU stock opened at C$42.11 on Thursday. Trisura Group has a 52 week low of C$29.39 and a 52 week high of C$46.75. The business has a 50-day simple moving average of C$42.12 and a 200 day simple moving average of C$42.26. The company has a quick ratio of 0.22, a current ratio of 76.83 and a debt-to-equity ratio of 15.83. The company has a market cap of C$2.00 billion, a PE ratio of 22.64 and a beta of 0.82.

Insiders Place Their Bets

In other news, Director Michael Beasley sold 33,176 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$39.95, for a total value of C$1,325,530.49. In other news, Director Michael Beasley sold 33,176 shares of the company’s 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 value of C$1,325,530.49. Also, Director David James Clare sold 2,907 shares of the firm’s 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 transaction of C$121,396.32. Insiders own 1.09% of the company’s stock.

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.