$61.50 Million in Sales Expected for Trupanion Inc (TRUP) This Quarter
Equities analysts expect Trupanion Inc (NYSE:TRUP) to report sales of $61.50 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Trupanion’s earnings, with estimates ranging from $61.00 million to $62.00 million. Trupanion reported sales of $48.36 million in the same quarter last year, which would suggest a positive year over year growth rate of 27.2%. The company is expected to issue its next earnings report on Tuesday, November 7th.
On average, analysts expect that Trupanion will report full-year sales of $61.50 million for the current fiscal year, with estimates ranging from $238.20 million to $240.00 million. For the next financial year, analysts forecast that the firm will report sales of $291.45 million per share, with estimates ranging from $287.90 million to $295.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Trupanion.
Trupanion (NYSE:TRUP) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $58.30 million during the quarter, compared to the consensus estimate of $57.58 million. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS.
A number of equities research analysts have issued reports on TRUP shares. BidaskClub downgraded shares of Trupanion from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Cowen and Company reiterated a “buy” rating and issued a $19.00 target price on shares of Trupanion in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Trupanion from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Northland Securities set a $23.00 target price on shares of Trupanion and gave the stock a “buy” rating in a research report on Thursday, July 6th. Finally, TheStreet upgraded shares of Trupanion from a “d” rating to a “c-” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $26.50.
Shares of Trupanion (NYSE TRUP) opened at 28.02 on Thursday. Trupanion has a 12-month low of $13.71 and a 12-month high of $28.26. The stock’s 50 day moving average price is $23.32 and its 200-day moving average price is $20.20. The firm’s market capitalization is $840.46 million.
In other news, Director Howard E. Rubin sold 100,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $25.90, for a total transaction of $2,590,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Asher Bearman sold 10,900 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $22.83, for a total transaction of $248,847.00. Following the transaction, the insider now owns 11,539 shares in the company, valued at approximately $263,435.37. The disclosure for this sale can be found here. Insiders have sold a total of 150,552 shares of company stock worth $3,741,754 in the last 90 days.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Trupanion by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 650,459 shares of the financial services provider’s stock valued at $9,249,000 after purchasing an additional 23,419 shares in the last quarter. Baillie Gifford & Co. grew its stake in Trupanion by 12.3% in the 2nd quarter. Baillie Gifford & Co. now owns 982,373 shares of the financial services provider’s stock valued at $21,985,000 after buying an additional 107,373 shares during the last quarter. Handelsinvest Investeringsforvaltning grew its stake in Trupanion by 598.3% in the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 209,500 shares of the financial services provider’s stock valued at $4,689,000 after buying an additional 179,500 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management acquired a new position in Trupanion in the 2nd quarter valued at $1,300,000. Finally, American Century Companies Inc. acquired a new position in Trupanion in the 2nd quarter valued at $3,434,000.
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Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.
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