$85.92 Million in Sales Expected for Trupanion Inc (TRUP) This Quarter

Analysts forecast that Trupanion Inc (NASDAQ:TRUP) will post sales of $85.92 million for the current quarter, Zacks reports. Three analysts have provided estimates for Trupanion’s earnings, with the highest sales estimate coming in at $86.10 million and the lowest estimate coming in at $85.80 million. Trupanion reported sales of $69.76 million in the same quarter last year, which would suggest a positive year over year growth rate of 23.2%. The firm is expected to report its next quarterly earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Trupanion will report full year sales of $369.33 million for the current year, with estimates ranging from $369.09 million to $369.50 million. For the next financial year, analysts forecast that the firm will post sales of $439.90 million, with estimates ranging from $436.80 million to $444.69 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Trupanion.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Wednesday, February 13th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Trupanion had a negative net margin of 0.30% and a negative return on equity of 0.88%. The company had revenue of $82.64 million for the quarter, compared to analyst estimates of $82.16 million. Trupanion’s quarterly revenue was up 24.2% on a year-over-year basis.

TRUP has been the subject of several research analyst reports. BidaskClub upgraded shares of Trupanion from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 1st. Zacks Investment Research lowered Trupanion from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, ValuEngine raised Trupanion from a “hold” rating to a “buy” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $44.38.

In other Trupanion news, Director Howard E. Rubin sold 17,586 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $29.00, for a total transaction of $509,994.00. Following the transaction, the director now owns 188,739 shares of the company’s stock, valued at approximately $5,473,431. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Darryl Rawlings sold 4,000 shares of the stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $27.14, for a total value of $108,560.00. Following the transaction, the insider now directly owns 1,555,421 shares in the company, valued at approximately $42,214,125.94. The disclosure for this sale can be found here. Insiders sold a total of 165,786 shares of company stock worth $4,970,963 in the last 90 days. 20.70% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in Trupanion by 245.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,807 shares of the financial services provider’s stock valued at $601,000 after buying an additional 11,936 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Trupanion by 5.2% during the third quarter. Bank of New York Mellon Corp now owns 88,533 shares of the financial services provider’s stock valued at $3,163,000 after acquiring an additional 4,388 shares during the period. BlackRock Inc. increased its stake in shares of Trupanion by 6.8% during the third quarter. BlackRock Inc. now owns 1,729,548 shares of the financial services provider’s stock valued at $61,796,000 after acquiring an additional 109,710 shares during the period. Credit Suisse AG increased its stake in shares of Trupanion by 65.2% during the third quarter. Credit Suisse AG now owns 48,866 shares of the financial services provider’s stock valued at $1,747,000 after acquiring an additional 19,283 shares during the period. Finally, United Services Automobile Association increased its stake in shares of Trupanion by 27.1% during the third quarter. United Services Automobile Association now owns 56,725 shares of the financial services provider’s stock valued at $2,027,000 after acquiring an additional 12,100 shares during the period. 97.20% of the stock is currently owned by institutional investors.

Shares of TRUP traded down $0.37 during mid-day trading on Friday, reaching $35.27. The company had a trading volume of 4,548 shares, compared to its average volume of 276,061. Trupanion has a 1-year low of $22.38 and a 1-year high of $46.70. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.24 billion, a P/E ratio of -1,175.67 and a beta of 1.19.

Trupanion Company Profile

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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