Trisura Group Ltd. (TSE:TSU) to Post Q2 2024 Earnings of $0.74 Per Share, National Bank Financial Forecasts

Trisura Group Ltd. (TSE:TSU) – Stock analysts at National Bank Financial increased 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 expects that the company will earn $0.74 per share for the quarter, up from their prior 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.

TSU has been the subject of several other reports. CIBC boosted their price objective on shares of Trisura Group from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. 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 report on Monday. Scotiabank increased their price target on Trisura Group from C$56.00 to C$59.00 in a report on Friday, April 26th. BMO Capital Markets raised their target price on Trisura Group from C$52.00 to C$54.00 in a report on Monday. Finally, Desjardins upped their price target on Trisura Group from C$48.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trisura Group has an average rating of “Buy” and a consensus target price of C$57.56.

Trisura Group Stock Down 0.2 %

TSU opened at C$45.21 on Tuesday. Trisura Group has a 1 year low of C$29.05 and a 1 year high of C$46.08. The firm has a 50 day moving average price of C$42.56 and a 200 day moving average price of C$37.57. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.22 and a current ratio of 2.46. The company has a market cap of C$2.14 billion, a PE ratio of 31.84 and a beta of 0.81.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.54 EPS for the quarter, topping the consensus estimate of C$0.49 by C$0.05. The company had revenue of C$754.95 million during the quarter. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%.

Insider Buying and Selling at Trisura Group

In other news, Director Michael Beasley sold 38,822 shares of the firm’s stock in a transaction that occurred on 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. In other Trisura Group news, Director Chris Yoshio Sekine sold 55,518 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total value of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total value of C$1,680,022.05. Insiders sold a total of 94,825 shares of company stock worth $4,100,283 in the last 90 days. 1.10% of the stock is 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.