Zacks: Brokerages Anticipate Trupanion Inc (TRUP) Will Post Quarterly Sales of $81.96 Million

Wall Street brokerages forecast that Trupanion Inc (NASDAQ:TRUP) will announce $81.96 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Trupanion’s earnings. The highest sales estimate is $82.10 million and the lowest is $81.87 million. Trupanion reported sales of $66.55 million in the same quarter last year, which would suggest a positive year over year growth rate of 23.2%. The firm is scheduled to report its next earnings report on Tuesday, February 12th.

On average, analysts expect that Trupanion will report full year sales of $303.26 million for the current financial year, with estimates ranging from $303.19 million to $303.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $365.30 million, with estimates ranging from $362.30 million to $369.09 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Trupanion.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, November 8th. The financial services provider reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $78.16 million for the quarter, compared to the consensus estimate of $77.70 million. Trupanion had a negative net margin of 0.52% and a negative return on equity of 2.45%. The company’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm posted $0.01 EPS.

A number of equities analysts have recently commented on the company. ValuEngine raised Trupanion from a “hold” rating to a “buy” rating in a report on Wednesday. BidaskClub lowered Trupanion from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Canaccord Genuity reiterated a “buy” rating and issued a $43.00 price target on shares of Trupanion in a research note on Tuesday, November 13th. Zacks Investment Research lowered Trupanion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, CL King upgraded Trupanion from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.89.

In other news, insider Darryl Rawlings sold 4,000 shares of the firm’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of $36.81, for a total value of $147,240.00. Following the completion of the sale, the insider now owns 1,281,989 shares in the company, valued at approximately $47,190,015.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin A. Ferracone acquired 19,000 shares of Trupanion stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average price of $25.60 per share, with a total value of $486,400.00. Following the purchase, the director now directly owns 1,502 shares of the company’s stock, valued at $38,451.20. The disclosure for this purchase can be found here. Insiders sold a total of 263,610 shares of company stock worth $6,682,059 over the last ninety days. Insiders own 20.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TRUP. Boston Advisors LLC increased its stake in shares of Trupanion by 16.2% in the second quarter. Boston Advisors LLC now owns 8,070 shares of the financial services provider’s stock worth $312,000 after buying an additional 1,127 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Trupanion by 15.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 13,322 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 1,811 shares during the period. Rhumbline Advisers increased its holdings in Trupanion by 9.9% in the second quarter. Rhumbline Advisers now owns 22,407 shares of the financial services provider’s stock worth $865,000 after buying an additional 2,015 shares during the last quarter. US Bancorp DE increased its holdings in Trupanion by 111.8% in the second quarter. US Bancorp DE now owns 4,512 shares of the financial services provider’s stock worth $175,000 after buying an additional 2,382 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Trupanion in the second quarter worth approximately $100,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Trupanion stock traded up $0.09 during mid-day trading on Friday, hitting $26.67. The stock had a trading volume of 114,285 shares, compared to its average volume of 622,272. The stock has a market cap of $891.31 million, a price-to-earnings ratio of -381.00 and a beta of 1.08. Trupanion has a 12 month low of $22.55 and a 12 month high of $46.70. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.07.

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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