Trupanion (NASDAQ:TRUP) Posts Earnings Results, Beats Estimates By $0.02 EPS

Trupanion (NASDAQ:TRUP) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02, Briefing.com reports. The business had revenue of $306.12 million for the quarter, compared to the consensus estimate of $300.51 million. Trupanion had a negative net margin of 4.03% and a negative return on equity of 15.19%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.60) EPS.

Trupanion Trading Down 16.5 %

Shares of Trupanion stock traded down $3.93 on Friday, hitting $19.85. 2,327,393 shares of the company’s stock traded hands, compared to its average volume of 683,106. The firm’s 50-day moving average price is $25.67 and its two-hundred day moving average price is $26.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $833.60 million, a PE ratio of -18.38 and a beta of 1.76. Trupanion has a one year low of $18.45 and a one year high of $36.82.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group dropped their target price on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Friday. Evercore ISI reduced their price objective on Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Stifel Nicolaus increased their price objective on Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Finally, Piper Sandler dropped their target price on Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.33.

Trupanion Company Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.