$178.07 Million in Sales Expected for Trupanion, Inc. (NASDAQ:TRUP) This Quarter

Equities analysts expect that Trupanion, Inc. (NASDAQ:TRUP) will report sales of $178.07 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Trupanion’s earnings, with the lowest sales estimate coming in at $177.79 million and the highest estimate coming in at $178.50 million. Trupanion reported sales of $130.12 million during the same quarter last year, which would suggest a positive year over year growth rate of 36.9%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, November 3rd.

According to Zacks, analysts expect that Trupanion will report full year sales of $690.57 million for the current year, with estimates ranging from $689.50 million to $691.60 million. For the next fiscal year, analysts expect that the firm will report sales of $881.96 million, with estimates ranging from $867.80 million to $903.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Trupanion.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, August 5th. The financial services provider reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.06). Trupanion had a negative net margin of 4.65% and a negative return on equity of 9.05%. The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $165.03 million.

Several research analysts recently weighed in on the company. Piper Sandler began coverage on Trupanion in a research note on Wednesday, October 6th. They set an “overweight” rating and a $110.00 target price on the stock. Bank of America started coverage on Trupanion in a research note on Monday, October 18th. They set a “buy” rating and a $112.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Trupanion from a “sell” rating to a “hold” rating in a research note on Saturday, August 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Trupanion has a consensus rating of “Buy” and a consensus price target of $124.40.

In other news, CFO Tricia Plouf sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 21st. The stock was sold at an average price of $104.72, for a total value of $366,520.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Murray B. Low sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 21st. The stock was sold at an average price of $110.50, for a total value of $110,500.00. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock valued at $3,131,262 in the last ninety days. Corporate insiders own 6.77% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Trupanion by 11.6% in the 2nd quarter. BlackRock Inc. now owns 5,869,395 shares of the financial services provider’s stock valued at $675,565,000 after purchasing an additional 608,272 shares during the last quarter. Vanguard Group Inc. grew its stake in Trupanion by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,769,532 shares of the financial services provider’s stock valued at $433,873,000 after acquiring an additional 96,272 shares during the last quarter. Alliancebernstein L.P. grew its stake in Trupanion by 14.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,320,295 shares of the financial services provider’s stock valued at $151,966,000 after acquiring an additional 163,779 shares during the last quarter. State Street Corp grew its stake in Trupanion by 17.9% in the 2nd quarter. State Street Corp now owns 1,206,053 shares of the financial services provider’s stock valued at $138,817,000 after acquiring an additional 182,917 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Trupanion by 0.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,101,783 shares of the financial services provider’s stock valued at $126,815,000 after acquiring an additional 2,937 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ TRUP traded up $0.31 on Thursday, hitting $108.95. The stock had a trading volume of 356,570 shares, compared to its average volume of 351,112. Trupanion has a 52-week low of $69.74 and a 52-week high of $126.53. The business’s fifty day moving average price is $87.99 and its 200 day moving average price is $92.49. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of -155.64 and a beta of 1.85.

Trupanion Company Profile

Trupanion, Inc engages in the provision of medical insurance for cats and dogs. It operates through the following segments: Subscription Business and Other Business. The Subscription Business segment involves in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members and contracts include multiple pets.

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Earnings History and Estimates for Trupanion (NASDAQ:TRUP)

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