Trisura Group Ltd. (TSE:TSU) Expected to Earn FY2023 Earnings of $2.26 Per Share

Posted by on May 18th, 2023

Trisura Group Ltd. (TSE:TSU – Get Rating) – Raymond James raised their FY2023 earnings per share (EPS) estimates for Trisura Group in a research report issued to clients and investors on Monday, May 15th. Raymond James analyst S. Boland now expects that the company will post earnings per share of $2.26 for the year, up from their previous estimate of $2.17. Raymond James currently has a “Outperform” rating and a $53.00 price target on the stock. The consensus estimate for Trisura Group’s current full-year earnings is $2.43 per share. Raymond James also issued estimates for Trisura Group’s FY2024 earnings at $2.45 EPS.

Other equities analysts have also issued reports about the company. National Bankshares cut their target price on Trisura Group from C$69.00 to C$62.00 and set an “outperform” rating on the stock in a report on Thursday, March 2nd. CIBC cut their target price on Trisura Group from C$60.00 to C$55.00 and set an “outperform” rating on the stock in a report on Thursday, March 2nd. Cormark cut their target price on Trisura Group from C$56.50 to C$51.00 in a report on Thursday, March 2nd. BMO Capital Markets cut their target price on Trisura Group from C$52.00 to C$49.00 in a report on Thursday, March 2nd. Finally, Scotiabank raised their target price on Trisura Group from C$53.00 to C$55.00 in a report on Tuesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$54.29.

Trisura Group Price Performance

Shares of TSE:TSU opened at C$35.75 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.22 and a debt-to-equity ratio of 17.95. Trisura Group has a 1 year low of C$29.56 and a 1 year high of C$47.90. The business has a fifty day simple moving average of C$32.23 and a 200 day simple moving average of C$38.78. The firm has a market cap of C$1.64 billion, a price-to-earnings ratio of 60.59 and a beta of 0.86.

Trisura Group (TSE:TSU – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported C$0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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.

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.

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Earnings History and Estimates for Trisura Group (TSE:TSU)

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