Trupanion Inc (TRUP) Expected to Post Quarterly Sales of $65.60 Million

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.

In other Trupanion news, insider Asher Bearman sold 4,039 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $28.40, for a total transaction of $114,707.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Darryl Rawlings sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $34.36, for a total value of $120,260.00. Following the transaction, the insider now directly owns 1,382,976 shares of the company’s stock, valued at approximately $47,519,055.36. The disclosure for this sale can be found here. Insiders sold a total of 28,039 shares of company stock valued at $868,823 in the last ninety days. 31.24% of the stock is currently owned by insiders.

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.

COPYRIGHT VIOLATION WARNING: “Trupanion Inc (TRUP) Expected to Post Quarterly Sales of $65.60 Million” was posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2018/02/08/trupanion-inc-trup-expected-to-post-quarterly-sales-of-65-60-million.html.

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.

Get a free copy of the Zacks research report on Trupanion (TRUP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Trupanion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trupanion and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit