Trupanion (NASDAQ:TRUP) Releases Quarterly Earnings Results

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

Trupanion Stock Performance

TRUP traded down $3.93 on Friday, reaching $19.85. 2,327,393 shares of the stock were exchanged, compared to its average volume of 683,106. 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 company’s 50-day moving average price is $25.67 and its 200 day moving average price is $26.77. The firm has a market capitalization of $833.60 million, a PE ratio of -18.38 and a beta of 1.76. Trupanion has a fifty-two week low of $18.45 and a fifty-two week high of $36.82.

Wall Street Analysts Forecast Growth

TRUP has been the subject of several recent analyst reports. Canaccord Genuity Group lowered 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. Piper Sandler lowered their price objective on Trupanion from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday. Evercore ISI reduced their target price on Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus increased their price target on Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.33.

About Trupanion

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.