Cormark Comments on Trisura Group Ltd’s Q3 2019 Earnings (TSE:TSU)

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Trisura Group Ltd (TSE:TSU) – Equities research analysts at Cormark reduced their Q3 2019 earnings per share (EPS) estimates for shares of Trisura Group in a report issued on Monday, August 12th. Cormark analyst J. Fenwick now anticipates that the company will earn $0.46 per share for the quarter, down from their previous forecast of $0.49. Cormark also issued estimates for Trisura Group’s Q4 2019 earnings at $0.50 EPS, FY2019 earnings at $0.71 EPS, Q1 2020 earnings at $0.69 EPS, Q2 2020 earnings at $0.72 EPS, Q3 2020 earnings at $0.81 EPS, Q4 2020 earnings at $0.81 EPS and FY2020 earnings at $3.02 EPS.

Separately, BMO Capital Markets dropped their price target on Trisura Group from C$33.00 to C$32.00 in a report on Friday, August 9th.

Shares of Trisura Group stock opened at C$28.55 on Wednesday. The business’s fifty day simple moving average is C$29.73 and its 200 day simple moving average is C$29.14. The firm has a market capitalization of $192.16 million and a P/E ratio of 20.84. Trisura Group has a 12 month low of C$24.58 and a 12 month high of C$30.68. The company has a current ratio of 0.65, a quick ratio of 0.33 and a debt-to-equity ratio of 27.92.

Trisura Group (TSE:TSU) last issued its quarterly earnings results on Thursday, August 8th. The company reported C($0.63) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.09) by C($0.54). The company had revenue of C$27.73 million during the quarter, compared to analyst estimates of C$30.20 million.

About Trisura Group

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada and the United States. 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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