National Bank Financial Equities Analysts Decrease Earnings Estimates for Trisura Group Ltd. (TSE:TSU)

Trisura Group Ltd. (TSE:TSU – Get Rating) – Stock analysts at National Bank Financial lowered their Q2 2023 EPS estimates for shares of Trisura Group in a report issued on Monday, May 22nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $0.47 for the quarter, down from their previous estimate of $0.52. The consensus estimate for Trisura Group’s current full-year earnings is $2.43 per share. National Bank Financial also issued estimates for Trisura Group’s Q3 2023 earnings at $0.52 EPS, Q4 2023 earnings at $0.46 EPS, FY2023 earnings at $2.06 EPS and FY2024 earnings at $2.40 EPS.

Trisura Group (TSE:TSU – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The company reported C$0.51 EPS for the quarter, topping analysts’ consensus estimates of C$0.41 by C$0.10. The firm had revenue of C$149.32 million for the quarter, compared to analysts’ expectations of C$134.00 million.

Several other research firms have also recently issued reports on TSU. National Bankshares decreased their target price on shares of Trisura Group from C$69.00 to C$62.00 and set an “outperform” rating on the stock in a research report on Thursday, March 2nd. CIBC reduced their price target on shares of Trisura Group from C$60.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Thursday, March 2nd. BMO Capital Markets reduced their price target on shares of Trisura Group from C$52.00 to C$49.00 in a research report on Thursday, March 2nd. Scotiabank lifted their price target on shares of Trisura Group from C$53.00 to C$55.00 in a research report on Tuesday, May 16th. Finally, Cormark reduced their price target on shares of Trisura Group from C$56.50 to C$51.00 in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Trisura Group currently has an average rating of “Moderate Buy” and an average target price of C$54.29.

Trisura Group Price Performance

TSU opened at C$34.24 on Wednesday. The company’s 50 day simple moving average is C$32.41 and its 200 day simple moving average is C$38.57. The company has a debt-to-equity ratio of 17.95, a quick ratio of 0.22 and a current ratio of 0.83. Trisura Group has a 1 year low of C$29.56 and a 1 year high of C$47.90. The stock has a market capitalization of C$1.57 billion, a PE ratio of 58.03 and a beta of 0.86.

Trisura Group Company Profile

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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 offers contract surety bonds, such as performance, and labor and material payment bonds primarily for the construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds to governments, regulatory bodies, or courts to guarantee compliance with legal or fiduciary obligations; and developer surety bonds comprising bonds to secure real estate developers' legislated deposit and warranty obligations on residential projects.