Analysts Set Expectations for Trisura Group FY2024 Earnings

Trisura Group Ltd. (TSE:TSU) – Investment analysts at Desjardins reduced their FY2024 earnings estimates for Trisura Group in a research report issued to clients and investors on Monday, February 3rd. Desjardins analyst D. Young now expects that the company will post earnings per share of $2.63 for the year, down from their prior estimate of $2.64. The consensus estimate for Trisura Group’s current full-year earnings is $3.13 per share.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, November 7th. The company reported C$0.68 EPS for the quarter, hitting analysts’ consensus estimates of C$0.68. Trisura Group had a net margin of 2.92% and a return on equity of 14.65%. During the same quarter in the previous year, the business posted $0.67 EPS.

Separately, CIBC decreased their target price on shares of Trisura Group from C$60.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$56.33.

Trisura Group Price Performance

TSE TSU opened at C$32.43 on Thursday. Trisura Group has a 12 month low of C$31.74 and a 12 month high of C$46.75. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of 17.44 and a beta of 0.82. The company’s 50 day moving average is C$37.59 and its two-hundred day moving average is C$40.44. The company has a current ratio of 76.83, a quick ratio of 0.22 and a debt-to-equity ratio of 15.83.

Trisura Group Company Profile

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.