Timbercreek Financial Corp. (TSE:TF - Free Report) - Analysts at National Bank Financial dropped their FY2024 earnings per share estimates for Timbercreek Financial in a research note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $0.73 per share for the year, down from their previous estimate of $0.74. The consensus estimate for Timbercreek Financial's current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for Timbercreek Financial's Q2 2025 earnings at $0.18 EPS.
Timbercreek Financial (TSE:TF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C$0.17. The business had revenue of C$25.41 million for the quarter, compared to the consensus estimate of C$28.54 million. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%.
Several other research firms have also commented on TF. National Bankshares boosted their price objective on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a "sector perform" rating in a research note on Wednesday. TD Securities lifted their target price on shares of Timbercreek Financial from C$7.50 to C$8.00 in a report on Friday, August 2nd.
Read Our Latest Research Report on Timbercreek Financial
Timbercreek Financial Stock Down 8.1 %
Shares of TSE:TF traded down C$0.67 during trading on Thursday, hitting C$7.58. The stock had a trading volume of 644,469 shares, compared to its average volume of 130,192. The company has a market capitalization of C$629.22 million, a PE ratio of 10.38 and a beta of 1.23. The company has a quick ratio of 145.00, a current ratio of 7.36 and a debt-to-equity ratio of 132.31. The firm's fifty day moving average is C$8.03 and its 200 day moving average is C$7.62. Timbercreek Financial has a 12 month low of C$5.74 and a 12 month high of C$8.29.
Timbercreek Financial Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date is Thursday, October 31st. Timbercreek Financial's payout ratio is 94.52%.
Timbercreek Financial Company Profile
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Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.
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