Trupanion Inc (TRUP) Releases Earnings Results, Beats Expectations By $0.04 EPS

Trupanion Inc (TRUP) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $-0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-0.07. The company posted revenue of $45.83 million in the period, compared to analysts expectations of $45.03 million. The company’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

Many Wall Street Analysts have commented on Trupanion Inc. Lake Street Initiated Trupanion Inc on Jul 19, 2016 to “Buy”, Price Target of the shares are set at $18.Company shares were Reiterated by Barclays on May 9, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 14 from a previous price target of $9 .Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .

Trupanion Inc opened for trading at $14.94 and hit $15.49 on the upside on Friday, eventually ending the session at $15.08, with a gain of 1.00% or 0.15 points. The heightened volatility saw the trading volume jump to 1,71,183 shares. Company has a market cap of $432 M.

In a different news, on Jun 21, 2016, Darryl Rawlings (President and CEO) sold 4,000 shares at $12.72 per share price. According to the SEC, on Jun 2, 2016, Margaret Tooth (Chief Marketing Officer) sold 1,200 shares at $14.87 per share price. On May 31, 2016, Glenn W Novotny (director) purchased 1,000 shares at $10.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Trupanion Inc. is a direct-to-consumer monthly subscription service company engaged in providing a medical insurance plan for cats and dogs across the United States Canada and Puerto Rico. The Company operates through two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions related to medical insurance plan for cats and dogs. The other business segment includes other operations such as writing of policies for an unaffiliated general agent and policies written under a federal Government program.

Trupanion Inc

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