Trisura Group Ltd. (TSE:TSU) to Post Q1 2024 Earnings of $0.68 Per Share, Cormark Forecasts

Trisura Group Ltd. (TSE:TSU) – Analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for Trisura Group in a note issued to investors on Thursday, April 18th. Cormark analyst J. Fenwick expects that the company will post earnings per share of $0.68 for the quarter. Cormark currently has a “Buy” rating and a $52.00 target price 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.

A number of other brokerages have also weighed in on TSU. Royal Bank of Canada raised their price objective on Trisura Group from C$40.00 to C$44.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. National Bankshares lifted their price target on Trisura Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Scotiabank lifted their price target on Trisura Group from C$54.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. CIBC lifted their price target 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. Finally, BMO Capital Markets boosted their target price on Trisura Group from C$49.00 to C$52.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$55.63.

Trisura Group Trading Up 0.6 %

Shares of Trisura Group stock opened at C$42.55 on Monday. The firm has a market cap of C$2.02 billion, a price-to-earnings ratio of 283.67 and a beta of 0.82. The business has a 50-day moving average price of C$42.29 and a 200-day moving average price of C$36.59. The company has a quick ratio of 0.22, a current ratio of 2.46 and a debt-to-equity ratio of 13.67. Trisura Group has a twelve month low of C$29.05 and a twelve month high of C$44.83.

Trisura Group (TSE:TSU) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.49 by C$0.05. The firm 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 Activity

In related news, Director Michael Beasley sold 38,822 shares of the business’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. In related news, Director Michael Beasley sold 38,822 shares of the business’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. Also, Director Chris Yoshio Sekine sold 55,518 shares of the business’s 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. Over the last quarter, insiders sold 94,825 shares of company stock valued at $4,100,283. Corporate insiders own 1.62% 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.