Timbercreek Financial (TSE:TF - Get Free Report) will be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Timbercreek Financial to post earnings of C$0.18 per share for the quarter.
Timbercreek Financial (TSE:TF - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.19 by C($0.01). Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%. The company had revenue of C$29.72 million for the quarter, compared to analysts' expectations of C$29.49 million.
Timbercreek Financial Stock Performance
Shares of Timbercreek Financial stock traded down C$0.11 on Tuesday, reaching C$7.46. 42,126 shares of the company traded hands, compared to its average volume of 110,218. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00. The firm has a market capitalization of C$619.25 million, a PE ratio of 9.56 and a beta of 1.24. The company has a 50 day moving average of C$7.60 and a 200 day moving average of C$7.02. Timbercreek Financial has a 52 week low of C$5.74 and a 52 week high of C$7.91.
Timbercreek Financial Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.058 per share. The ex-dividend date is Monday, April 29th. This represents a $0.70 annualized dividend and a dividend yield of 9.33%. Timbercreek Financial's payout ratio is 88.46%.
Wall Street Analyst Weigh In
TF has been the subject of several analyst reports. Fundamental Research set a C$9.90 price target on shares of Timbercreek Financial and gave the company a "buy" rating in a research report on Wednesday, March 13th. National Bankshares increased their price objective on Timbercreek Financial from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a research report on Wednesday, February 28th. Finally, TD Securities raised shares of Timbercreek Financial from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$7.00 to C$8.50 in a report on Wednesday, February 28th.
Get 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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