Trisura Group (TSU) Releases Earnings Results, Beats Expectations By $0.35 EPS

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.

In related news, Director Michael James George sold 1,700 shares of Trisura Group stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of C$27.56, for a total value of C$46,852.00. Also, insider Partners Value Investments Lp bought 15,800 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average cost of C$26.49 per share, for a total transaction of C$418,542.00. In the last three months, insiders purchased 81,500 shares of company stock worth $2,217,832 and sold 7,900 shares worth $219,127.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by WKRB News and is owned by of WKRB News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.wkrb13.com/2018/11/10/trisura-group-tsu-releases-earnings-results-beats-expectations-by-0-35-eps.html.

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.

Read More: Why do companies issue stock splits?

Receive News & Ratings for Trisura Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trisura Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply