Timbercreek Financial (TSE:TF - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of C$0.17 per share for the quarter.
Timbercreek Financial (TSE:TF - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. The business had revenue of C$26.68 million during the quarter, compared to the consensus estimate of C$27.90 million.
Timbercreek Financial Trading Down 0.9 %
Shares of TSE TF traded down C$0.07 during mid-day trading on Wednesday, hitting C$8.05. 101,279 shares of the company traded hands, compared to its average volume of 127,327. The business has a 50 day moving average of C$8.00 and a two-hundred day moving average of C$7.60. The stock has a market capitalization of C$668.23 million, a price-to-earnings ratio of 11.03 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. Timbercreek Financial has a 1 year low of C$5.74 and a 1 year high of C$8.29.
Timbercreek Financial Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 8.65%. The ex-dividend date was Friday, September 27th. Timbercreek Financial's dividend payout ratio is currently 94.52%.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. National Bankshares upped their target price on Timbercreek Financial from C$7.50 to C$8.00 in a research report on Thursday, August 1st. TD Securities upped their target price on Timbercreek Financial from C$7.50 to C$8.00 in a research report on Friday, August 2nd.
Check Out Our Latest Analysis on TF
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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