$53.45 Million in Sales Expected for Trupanion Inc (TRUP) This Quarter
Wall Street analysts expect Trupanion Inc (NYSE:TRUP) to post sales of $53.45 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Trupanion’s earnings, with estimates ranging from $53.3 million to $53.6 million. Trupanion reported sales of $42.7 million in the same quarter last year, which would suggest a positive year over year growth rate of 25.2%. The business is scheduled to issue its next earnings results on Thursday, May 4th.
According to Zacks, analysts expect that Trupanion will report full year sales of $53.45 million for the current financial year, with estimates ranging from $231.8 million to $232.6 million. For the next fiscal year, analysts expect that the business will post sales of $281.75 million per share, with estimates ranging from $277.3 million to $286.2 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Trupanion.
Trupanion (NYSE:TRUP) last issued its earnings results on Tuesday, February 14th. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.01. The company had revenue of $51.30 million for the quarter, compared to the consensus estimate of $50.61 million. During the same quarter last year, the firm posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 27.6% compared to the same quarter last year.
Separately, Zacks Investment Research lowered shares of Trupanion from a “hold” rating to a “sell” rating in a report on Saturday, February 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.83.
In other news, insider Darryl Rawlings sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $16.43, for a total transaction of $57,505.00. Following the completion of the transaction, the insider now directly owns 1,498,505 shares in the company, valued at approximately $24,620,437.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Ian Moffat sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $16.05, for a total value of $321,000.00. Following the transaction, the chief operating officer now owns 20,000 shares of the company’s stock, valued at $321,000. The disclosure for this sale can be found here. Insiders have sold a total of 38,700 shares of company stock valued at $604,436 over the last quarter.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors increased its position in Trupanion by 1.5% in the third quarter. Capital World Investors now owns 2,290,500 shares of the financial services provider’s stock worth $38,709,000 after buying an additional 33,000 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. purchased a new position in Trupanion during the fourth quarter worth approximately $27,853,000. Baillie Gifford & Co. increased its position in Trupanion by 137.5% in the fourth quarter. Baillie Gifford & Co. now owns 875,000 shares of the financial services provider’s stock worth $13,580,000 after buying an additional 506,636 shares in the last quarter. Nine Ten Capital Management LLC purchased a new position in Trupanion during the fourth quarter worth approximately $11,253,000. Finally, Arrowpoint Asset Management LLC increased its position in Trupanion by 22.7% in the fourth quarter. Arrowpoint Asset Management LLC now owns 346,414 shares of the financial services provider’s stock worth $5,376,000 after buying an additional 64,159 shares in the last quarter.
Shares of Trupanion (NYSE:TRUP) traded up 1.31% on Friday, hitting $14.64. 24,184 shares of the company traded hands. Trupanion has a 1-year low of $11.82 and a 1-year high of $17.70. The stock’s market capitalization is $432.01 million. The firm’s 50 day moving average price is $14.60 and its 200-day moving average price is $15.61.
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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