$65.60 Million in Sales Expected for Trupanion Inc (TRUP) This Quarter
Analysts expect Trupanion Inc (NYSE:TRUP) to post sales of $65.60 million for the current quarter, according to Zacks Investment Research. 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 during the same quarter last year, which would suggest a positive year over year growth rate of 27.8%. The business is scheduled to issue its next earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that Trupanion will report full year sales of $65.60 million for the current year, with estimates ranging from $241.40 million to $242.00 million. For the next year, analysts anticipate that the business will report sales of $294.80 million per share, with estimates ranging from $291.10 million to $298.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Trupanion.
Trupanion (NYSE:TRUP) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. The company had revenue of $63.12 million during the quarter, compared to the consensus estimate of $61.44 million. Trupanion had a return on equity of 3.57% and a net margin of 0.71%. Trupanion’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share.
TRUP has been the subject of several recent research reports. BidaskClub downgraded Trupanion from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Zacks Investment Research raised Trupanion from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, October 4th. Canaccord Genuity reissued a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Trupanion in a research report on Tuesday, October 31st. TheStreet raised Trupanion from a “d” rating to a “c-” rating in a research report on Monday, July 17th. Finally, Cowen and Company reissued an “outperform” rating and set a $28.00 price target (up previously from $19.00) on shares of Trupanion in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $28.83.
Trupanion (TRUP) traded up $0.21 during trading on Monday, reaching $30.19. The company’s stock had a trading volume of 251,800 shares, compared to its average volume of 155,033. Trupanion has a one year low of $13.71 and a one year high of $33.00.
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In other news, Director Howard E. Rubin sold 100,000 shares of Trupanion stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $25.90, for a total value of $2,590,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Tricia Plouf sold 1,000 shares of Trupanion stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $32.11, for a total value of $32,110.00. Following the completion of the sale, the chief financial officer now directly owns 14,000 shares of the company’s stock, valued at approximately $449,540. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,000 shares of company stock valued at $2,913,615.
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in Trupanion in the third quarter valued at $143,000. American International Group Inc. boosted its holdings in Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 588 shares during the last quarter. Bank of Montreal Can boosted its holdings in Trupanion by 309.2% in the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 6,834 shares during the last quarter. Voya Investment Management LLC acquired a new position in Trupanion in the second quarter valued at $215,000. Finally, Wells Fargo & Company MN boosted its holdings in Trupanion by 13.5% in 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.
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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