Brokerages Expect Trupanion Inc (NASDAQ:TRUP) to Post -$0.03 Earnings Per Share

Wall Street brokerages expect Trupanion Inc (NASDAQ:TRUP) to post earnings per share of ($0.03) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Trupanion’s earnings, with estimates ranging from ($0.04) to ($0.01). Trupanion reported earnings of ($0.01) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 200%. The company is scheduled to announce its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Trupanion will report full-year earnings of ($0.07) per share for the current fiscal year, with EPS estimates ranging from ($0.11) to ($0.01). For the next year, analysts forecast that the business will report earnings of $0.08 per share, with EPS estimates ranging from $0.03 to $0.12. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Trupanion.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Trupanion had a negative net margin of 0.23% and a negative return on equity of 0.59%. The company had revenue of $86.98 million during the quarter, compared to analysts’ expectations of $85.87 million. During the same period last year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. Northland Securities assumed coverage on Trupanion in a research report on Tuesday, May 14th. They set a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research lowered Trupanion from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. BidaskClub lowered Trupanion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, ValuEngine raised Trupanion from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $43.90.

In related news, CRO Margaret Tooth sold 750 shares of Trupanion stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $34.69, for a total value of $26,017.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Darryl Rawlings sold 4,000 shares of Trupanion stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $35.42, for a total value of $141,680.00. Following the completion of the transaction, the insider now owns 1,519,120 shares of the company’s stock, valued at $53,807,230.40. The disclosure for this sale can be found here. Insiders sold 64,253 shares of company stock valued at $2,056,132 over the last quarter. Insiders own 13.61% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its stake in Trupanion by 0.6% in the first quarter. New York State Common Retirement Fund now owns 65,526 shares of the financial services provider’s stock valued at $2,145,000 after acquiring an additional 410 shares during the period. Alpha Omega Wealth Management LLC boosted its stake in Trupanion by 110.8% in the first quarter. Alpha Omega Wealth Management LLC now owns 843 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 443 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Trupanion by 12.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 5,044 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 576 shares during the period. Legal & General Group Plc boosted its stake in Trupanion by 14.9% in the fourth quarter. Legal & General Group Plc now owns 4,552 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 590 shares during the period. Finally, Rhumbline Advisers boosted its stake in Trupanion by 2.2% in the first quarter. Rhumbline Advisers now owns 33,071 shares of the financial services provider’s stock valued at $1,083,000 after acquiring an additional 726 shares during the period. Institutional investors and hedge funds own 97.80% of the company’s stock.

NASDAQ:TRUP traded up $0.27 during mid-day trading on Wednesday, hitting $33.89. The company had a trading volume of 19,452 shares, compared to its average volume of 262,020. The business has a fifty day simple moving average of $33.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.14. Trupanion has a 1 year low of $22.38 and a 1 year high of $46.70. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -1,129.67 and a beta of 1.32.

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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