Trisura Group (TSE:TSU) released its quarterly earnings results on Thursday. The company reported C$0.62 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.27 by C$0.35, reports. The business had revenue of C$25.65 million for the quarter, compared to analyst estimates of C$23.80 million.
Shares of TSE TSU traded up C$0.25 during mid-day trading on Friday, reaching C$26.00. 12,500 shares of the company’s stock were exchanged, compared to its average volume of 8,058. The company has a quick ratio of 0.41, a current ratio of 0.64 and a debt-to-equity ratio of 23.45. Trisura Group has a twelve month low of C$24.00 and a twelve month high of C$28.25.
A number of equities research analysts have recently commented on TSU shares. BMO Capital Markets raised their price target on Trisura Group from C$30.00 to C$31.00 in a research report on Monday, August 13th. Cormark set a C$33.00 price target on Trisura Group in a research report on Friday, August 10th.
About Trisura Group
Trisura Group Ltd., a specialty insurance provider, 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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