Brokerages Anticipate Trupanion Inc (NASDAQ:TRUP) Will Announce Quarterly Sales of $97.40 Million

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Brokerages predict that Trupanion Inc (NASDAQ:TRUP) will post $97.40 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Trupanion’s earnings. The lowest sales estimate is $97.20 million and the highest is $97.51 million. Trupanion reported sales of $78.16 million in the same quarter last year, which indicates a positive year over year growth rate of 24.6%. The company is scheduled to report its next quarterly earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Trupanion will report full-year sales of $379.10 million for the current financial year, with estimates ranging from $378.70 million to $379.61 million. For the next financial year, analysts forecast that the firm will report sales of $453.65 million, with estimates ranging from $447.00 million to $460.55 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Trupanion.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). The firm had revenue of $92.20 million for the quarter, compared to analyst estimates of $91.17 million. Trupanion had a negative net margin of 0.68% and a negative return on equity of 1.77%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) EPS.

A number of research analysts recently issued reports on the stock. Royal Bank of Canada set a $38.00 price objective on shares of Trupanion and gave the company a “buy” rating in a report on Wednesday, July 31st. Craig Hallum cut shares of Trupanion from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Friday, August 16th. TheStreet cut shares of Trupanion from a “c” rating to a “d+” rating in a report on Tuesday, July 30th. BidaskClub cut shares of Trupanion from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, Northland Securities reiterated a “buy” rating and issued a $40.00 price target on shares of Trupanion in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Trupanion currently has a consensus rating of “Buy” and an average price target of $37.50.

In other news, CEO Darryl Rawlings sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $26.81, for a total value of $107,240.00. Following the completion of the transaction, the chief executive officer now owns 1,458,499 shares in the company, valued at $39,102,358.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 20,900 shares of company stock valued at $581,471 in the last quarter. Corporate insiders own 13.61% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. O Brien Greene & Co. Inc boosted its holdings in shares of Trupanion by 10.0% in the second quarter. O Brien Greene & Co. Inc now owns 22,000 shares of the financial services provider’s stock valued at $795,000 after buying an additional 2,000 shares during the period. Royal Bank of Canada boosted its holdings in Trupanion by 78.9% during the second quarter. Royal Bank of Canada now owns 224,553 shares of the financial services provider’s stock worth $8,114,000 after purchasing an additional 99,023 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Trupanion during the second quarter worth $4,142,000. First Light Asset Management LLC boosted its holdings in Trupanion by 0.5% during the second quarter. First Light Asset Management LLC now owns 194,778 shares of the financial services provider’s stock worth $7,037,000 after purchasing an additional 958 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Trupanion by 145.2% during the second quarter. Bank of America Corp DE now owns 246,337 shares of the financial services provider’s stock worth $8,902,000 after purchasing an additional 145,886 shares during the last quarter. Institutional investors own 96.34% of the company’s stock.

NASDAQ TRUP traded up $0.67 during trading on Friday, reaching $21.89. 4,804 shares of the stock traded hands, compared to its average volume of 307,075. The firm has a market cap of $761.90 million, a price-to-earnings ratio of -727.83 and a beta of 1.46. The stock’s 50-day moving average price is $24.84 and its 200 day moving average price is $30.64. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.15. Trupanion has a fifty-two week low of $20.84 and a fifty-two week high of $37.13.

About Trupanion

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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