Timbercreek Financial Corp. (TSE:TF - Free Report) - Stock analysts at National Bank Financial reduced their FY2024 earnings per share estimates for shares of Timbercreek Financial in a research report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $0.73 per share for the year, down from their prior 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 earnings results on Wednesday, October 30th. The company reported C$0.17 earnings per share for the quarter, meeting the consensus estimate of C$0.17. The business had revenue of C$25.41 million for the quarter, compared to analyst estimates of C$28.54 million. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%.
A number of other equities analysts have also weighed in on the stock. TD Securities upped their target price on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research note on Friday, August 2nd. 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 report on Wednesday.
Get Our Latest Analysis on Timbercreek Financial
Timbercreek Financial Trading Down 6.2 %
Shares of TF traded down C$0.51 during trading hours on Thursday, hitting C$7.74. 330,510 shares of the stock traded hands, compared to its average volume of 128,704. The firm has a market capitalization of C$642.50 million, a PE ratio of 11.30 and a beta of 1.23. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$8.29. The company has a current ratio of 7.36, a quick ratio of 145.00 and a debt-to-equity ratio of 132.31. The business has a fifty day moving average of C$8.03 and a 200-day moving average of C$7.62.
Timbercreek Financial Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a dividend yield of 8.99%. The ex-dividend date of this dividend is Thursday, October 31st. Timbercreek Financial's dividend payout ratio (DPR) is currently 94.52%.
About Timbercreek Financial
(
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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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