Trupanion (TRUP) Announces Earnings Results, Beats Expectations By $0.04 EPS

Trupanion (NASDAQ:TRUP) released its quarterly earnings data on Thursday. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04, reports. The firm had revenue of $78.16 million during the quarter, compared to analysts’ expectations of $77.70 million. Trupanion had a negative return on equity of 4.43% and a negative net margin of 0.84%. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 earnings per share.

Shares of NASDAQ:TRUP traded up $1.00 on Friday, reaching $27.79. The company had a trading volume of 1,302,605 shares, compared to its average volume of 386,620. Trupanion has a twelve month low of $22.55 and a twelve month high of $46.70. The stock has a market capitalization of $873.65 million, a P/E ratio of -397.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.04 and a quick ratio of 3.04.

TRUP has been the subject of a number of research reports. Craig Hallum initiated coverage on Trupanion in a research report on Thursday, July 19th. They set a “buy” rating and a $55.00 price objective for the company. BidaskClub cut Trupanion from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 28th. Canaccord Genuity lifted their price objective on Trupanion from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Stifel Nicolaus lifted their price objective on Trupanion from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, Royal Bank of Canada lifted their price objective on Trupanion to $44.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.22.

In other Trupanion news, insider Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $34.74, for a total value of $138,960.00. Following the completion of the sale, the insider now owns 1,285,989 shares of the company’s stock, valued at $44,675,257.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 20,450 shares of company stock valued at $668,806 in the last ninety days. Insiders own 20.70% of the company’s stock.

An institutional investor recently raised its position in Trupanion stock. Bank of New York Mellon Corp grew its stake in Trupanion Inc (NASDAQ:TRUP) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,145 shares of the financial services provider’s stock after buying an additional 2,967 shares during the period. Bank of New York Mellon Corp owned approximately 0.26% of Trupanion worth $3,248,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 93.62% of the company’s stock.

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Trupanion Company Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels.

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Earnings History for Trupanion (NASDAQ:TRUP)

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