Analysts forecast that Trupanion Inc (NASDAQ:TRUP) will report sales of $65.60 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Trupanion’s earnings. The lowest sales estimate is $65.30 million and the highest is $65.90 million. Trupanion reported sales of $51.34 million in the same quarter last year, which indicates a positive year over year growth rate of 27.8%. The company is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 13th.
On average, analysts expect that Trupanion will report full-year sales of $65.60 million for the current financial year, with estimates ranging from $241.40 million to $242.00 million. For the next fiscal year, analysts expect that the company will report sales of $295.10 million per share, with estimates ranging from $291.70 million to $298.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Trupanion.
TRUP has been the subject of a number of analyst reports. CL King initiated coverage on Trupanion in a report on Tuesday, November 21st. They issued a “neutral” rating for the company. BidaskClub raised Trupanion from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Zacks Investment Research cut Trupanion from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Trupanion in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $28.83.
Several institutional investors have recently made changes to their positions in TRUP. First Mercantile Trust Co. acquired a new position in shares of Trupanion during the fourth quarter valued at approximately $129,000. JPMorgan Chase & Co. acquired a new position in shares of Trupanion during the third quarter valued at approximately $143,000. Voya Investment Management LLC acquired a new position in shares of Trupanion during the second quarter valued at approximately $215,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Trupanion during the third quarter valued at approximately $221,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Trupanion by 13.5% during the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 1,342 shares during the last quarter. 63.76% of the stock is owned by institutional investors and hedge funds.
Shares of Trupanion (TRUP) opened at $32.05 on Thursday. Trupanion has a one year low of $13.88 and a one year high of $36.88. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $962.78, a PE ratio of -356.11 and a beta of 0.34.
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Trupanion Company Profile
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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