Brokerages predict that Trupanion Inc (NASDAQ:TRUP) will report sales of $97.40 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Trupanion’s earnings. The highest sales estimate is $97.51 million and the lowest is $97.20 million. Trupanion posted sales of $78.16 million in the same quarter last year, which suggests a positive year-over-year growth rate of 24.6%. The company is scheduled to report its next earnings results on Thursday, November 14th.
On average, analysts expect that Trupanion will report full-year sales of $379.10 million for the current fiscal year, with estimates ranging from $378.70 million to $379.61 million. For the next financial year, analysts anticipate that the business will report sales of $453.65 million, with estimates ranging from $447.00 million to $460.55 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Trupanion.
Trupanion (NASDAQ:TRUP) last released its earnings results on Tuesday, July 30th. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Trupanion had a negative return on equity of 1.77% and a negative net margin of 0.68%. The business had revenue of $92.20 million for the quarter, compared to analyst estimates of $91.17 million. During the same period in the prior year, the firm posted ($0.01) EPS. Trupanion’s revenue was up 24.8% on a year-over-year basis.
A number of analysts have commented on TRUP shares. Guggenheim started coverage on shares of Trupanion in a report on Thursday, May 23rd. They set a “buy” rating and a $35.00 target price for the company. Northland Securities reaffirmed a “buy” rating and set a $40.00 target price on shares of Trupanion in a report on Wednesday, July 31st. TheStreet lowered shares of Trupanion from a “c” rating to a “d+” rating in a report on Tuesday, July 30th. ValuEngine lowered shares of Trupanion from a “strong-buy” rating to a “buy” rating in a report on Friday, August 16th. Finally, BidaskClub raised shares of Trupanion from a “sell” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.50.
In related news, CRO Margaret Tooth sold 750 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $34.69, for a total value of $26,017.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $35.42, for a total transaction of $141,680.00. Following the completion of the sale, the insider now directly owns 1,519,120 shares in the company, valued at $53,807,230.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,450 shares of company stock worth $815,808. Insiders own 13.61% of the company’s stock.
Hedge funds have recently modified their holdings of the business. O Brien Greene & Co. Inc increased its stake in shares of Trupanion by 10.0% during the 2nd quarter. O Brien Greene & Co. Inc now owns 22,000 shares of the financial services provider’s stock worth $795,000 after purchasing an additional 2,000 shares during the last quarter. Royal Bank of Canada grew its stake in Trupanion by 78.9% in the 2nd quarter. Royal Bank of Canada now owns 224,553 shares of the financial services provider’s stock valued at $8,114,000 after buying an additional 99,023 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Trupanion in the 2nd quarter valued at about $4,142,000. First Light Asset Management LLC grew its stake in Trupanion by 0.5% in the 2nd quarter. First Light Asset Management LLC now owns 194,778 shares of the financial services provider’s stock valued at $7,037,000 after buying an additional 958 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Trupanion by 145.2% in the 2nd quarter. Bank of America Corp DE now owns 246,337 shares of the financial services provider’s stock valued at $8,902,000 after buying an additional 145,886 shares during the last quarter. Hedge funds and other institutional investors own 96.34% of the company’s stock.
TRUP traded up $0.88 during trading on Wednesday, reaching $27.90. 5,126 shares of the company’s stock were exchanged, compared to its average volume of 363,425. The company’s fifty day moving average price is $27.87 and its 200-day moving average price is $31.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.80 and a current ratio of 1.80. Trupanion has a fifty-two week low of $22.38 and a fifty-two week high of $37.39. The firm has a market capitalization of $924.03 million, a PE ratio of -923.50 and a beta of 1.47.
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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