Trisura Group Ltd. (TSE:TSU) to Post Q1 2024 Earnings of $0.63 Per Share, Desjardins Forecasts

Trisura Group Ltd. (TSE:TSU) – Research analysts at Desjardins issued their Q1 2024 earnings estimates for shares of Trisura Group in a note issued to investors on Monday, April 22nd. Desjardins analyst D. Young forecasts that the company will post earnings of $0.63 per share for the quarter. Desjardins has a “Buy” rating on the stock. The consensus estimate for Trisura Group’s current full-year earnings is $2.72 per share. Desjardins also issued estimates for Trisura Group’s Q2 2024 earnings at $0.69 EPS, Q3 2024 earnings at $0.72 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.68 EPS and FY2025 earnings at $3.12 EPS.

Trisura Group (TSE:TSU) last released 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. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. The business had revenue of C$754.95 million for the quarter.

Several other equities research analysts have also recently commented on TSU. Raymond James boosted their price objective on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. CIBC upped their price objective on Trisura Group from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Cormark lifted their target price on Trisura Group from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday, February 12th. BMO Capital Markets raised their price target on shares of Trisura Group from C$49.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Finally, Scotiabank lifted their price objective on shares of Trisura Group from C$54.00 to C$56.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Trisura Group currently has a consensus rating of “Buy” and a consensus target price of C$55.63.

Trisura Group Stock Performance

Shares of TSU opened at C$43.50 on Thursday. The firm has a market cap of C$2.06 billion, a P/E ratio of 286.60 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 company has a debt-to-equity ratio of 13.67, a quick ratio of 0.22 and a current ratio of 2.46. The firm’s 50 day moving average price is C$42.38 and its two-hundred day moving average price is C$36.72.

Insider Buying and Selling at Trisura Group

In other news, Director Chris Yoshio Sekine sold 55,518 shares of the company’s stock in a transaction dated 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. In other news, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was 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 over the last quarter. 1.62% of the stock is currently 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.