Equities Analysts Offer Predictions for Trisura Group Ltd.’s Q2 2022 Earnings (TSE:TSU)

Trisura Group Ltd. (TSE:TSUGet Rating) – Analysts at National Bank Financial dropped their Q2 2022 earnings per share estimates for Trisura Group in a research note issued to investors on Thursday, May 5th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $0.35 per share for the quarter, down from their previous estimate of $0.37. National Bank Financial also issued estimates for Trisura Group’s Q3 2022 earnings at $0.41 EPS.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets increased their target price on shares of Trisura Group from C$49.00 to C$50.00 in a research report on Friday. CIBC decreased their price target on shares of Trisura Group from C$61.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Monday, March 28th. Scotiabank decreased their target price on shares of Trisura Group from C$53.00 to C$51.00 in a research note on Wednesday, April 27th. Cormark decreased their price objective on shares of Trisura Group from C$64.50 to C$51.00 and set a “market perform” rating for the company in a report on Tuesday, April 19th. Finally, Raymond James upped their target price on shares of Trisura Group from C$51.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Monday, February 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$53.75.

TSE TSU opened at C$35.34 on Monday. Trisura Group has a 52-week low of C$29.12 and a 52-week high of C$49.43. The stock’s 50-day moving average is C$32.53. The company has a debt-to-equity ratio of 23.60, a current ratio of 0.84 and a quick ratio of 0.27. The stock has a market capitalization of C$1.45 billion and a P/E ratio of 23.72.

Trisura Group (TSE:TSUGet Rating) last released its quarterly earnings data on Thursday, February 10th. The company reported C$0.31 earnings per share for the quarter, missing the consensus estimate of C$0.36 by C($0.05). The business had revenue of C$106.55 million for the quarter, compared to analysts’ expectations of C$102.00 million.

About Trisura Group (Get Rating)

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.

Further Reading

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

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