Equities Analysts Set Expectations for Trisura Group Ltd.'s Q1 2024 Earnings (TSE:TSU)

Trisura Group Ltd. (TSE:TSU - Free Report) - Investment analysts at Cormark issued their Q1 2024 EPS estimates for shares of Trisura Group in a report released on Thursday, April 18th. Cormark analyst J. Fenwick forecasts that the company will post earnings per share of $0.68 for the quarter. Cormark has a "Buy" rating and a $52.00 price objective on the stock. The consensus estimate for Trisura Group's current full-year earnings is $2.72 per share. Cormark also issued estimates for Trisura Group's FY2024 earnings at $2.87 EPS and FY2025 earnings at $3.39 EPS.

TSU has been the topic of several other research reports. BMO Capital Markets raised their target price on shares of Trisura Group from C$49.00 to C$52.00 and gave the company an "outperform" rating in a research note on Monday, February 12th. Royal Bank of Canada raised their target price on shares of Trisura Group from C$40.00 to C$44.00 and gave the company an "outperform" rating in a research note on Monday, February 12th. National Bankshares raised their target price on shares of Trisura Group from C$64.00 to C$65.00 and gave the company an "outperform" rating in a research note on Monday, February 12th. Raymond James raised their target price on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an "outperform" rating in a research note on Monday, February 12th. Finally, CIBC raised their target price on shares of Trisura Group from C$50.00 to C$55.00 and gave the company an "outperform" rating in a research note on Monday, February 12th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$55.63.

Trisura Group Price Performance

TSU traded up C$0.27 during midday trading on Monday, hitting C$42.30. The company had a trading volume of 39,366 shares, compared to its average volume of 89,419. 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 capitalization of C$2.01 billion, a PE ratio of 282.00 and a beta of 0.82. Trisura Group has a twelve month low of C$29.05 and a twelve month high of C$44.83. The firm's 50-day simple moving average is C$42.29 and its 200-day simple moving average is C$36.59.

Trisura Group (TSE:TSU - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, beating the consensus estimate of C$0.49 by C$0.05. The firm had revenue of C$754.95 million during the quarter. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%.

Insider Buying and Selling

In related news, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group 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 transaction of C$2,399,837.72. In other Trisura Group news, Director Michael Beasley sold 38,822 shares of Trisura Group 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. Also, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group 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 transaction of C$2,399,837.72. Insiders have sold 94,825 shares of company stock valued at $4,100,283 in the last 90 days. 1.62% of the stock is owned by 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.