Analysts expect Conifer Holdings, Inc. (NASDAQ:CNFR – Get Rating) to post $26.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Conifer’s earnings. The lowest sales estimate is $26.06 million and the highest is $26.85 million. Conifer posted sales of $26.31 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.9%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Conifer will report full-year sales of $111.34 million for the current financial year, with estimates ranging from $108.91 million to $113.31 million. For the next financial year, analysts anticipate that the firm will report sales of $123.16 million, with estimates ranging from $114.59 million to $128.69 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Conifer.
Conifer (NASDAQ:CNFR – Get Rating) last issued its quarterly earnings data on Wednesday, March 2nd. The insurance provider reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). The business had revenue of $27.49 million for the quarter, compared to analyst estimates of $27.05 million. Conifer had a negative net margin of 0.94% and a negative return on equity of 33.32%. During the same period last year, the business posted ($0.26) earnings per share.
An institutional investor recently bought a new position in Conifer stock. Citadel Advisors LLC purchased a new stake in Conifer Holdings, Inc. (NASDAQ:CNFR – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,278 shares of the insurance provider’s stock, valued at approximately $58,000. Citadel Advisors LLC owned about 0.21% of Conifer at the end of the most recent reporting period. Hedge funds and other institutional investors own 36.93% of the company’s stock.
Shares of Conifer stock opened at $2.16 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a 50-day moving average price of $2.33. Conifer has a one year low of $2.06 and a one year high of $4.33.
About Conifer (Get Rating)
Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.
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