Zacks: Analysts Expect Conifer Holdings, Inc. (NASDAQ:CNFR) Will Announce Earnings of -$0.15 Per Share

Equities research analysts predict that Conifer Holdings, Inc. (NASDAQ:CNFRGet Rating) will announce earnings per share (EPS) of ($0.15) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Conifer’s earnings. The lowest EPS estimate is ($0.27) and the highest is ($0.04). Conifer posted earnings per share of ($0.40) during the same quarter last year, which suggests a positive year-over-year growth rate of 62.5%. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Conifer will report full-year earnings of ($0.53) per share for the current fiscal year, with EPS estimates ranging from ($0.85) to ($0.15). For the next year, analysts anticipate that the firm will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.50) to $0.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Conifer.

Conifer (NASDAQ:CNFRGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The insurance provider reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.17). Conifer had a negative return on equity of 24.66% and a net margin of 0.58%. During the same period last year, the business earned ($0.72) EPS.

Separately, Zacks Investment Research lowered Conifer from a “hold” rating to a “sell” rating in a report on Tuesday, May 17th.

A hedge fund recently raised its stake in Conifer stock. Renaissance Technologies LLC lifted its stake in Conifer Holdings, Inc. (NASDAQ:CNFRGet Rating) by 107.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,100 shares of the insurance provider’s stock after acquiring an additional 35,800 shares during the period. Renaissance Technologies LLC owned 0.71% of Conifer worth $199,000 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 traded up $0.06 during trading on Friday, hitting $1.54. 2,831 shares of the stock traded hands, compared to its average volume of 5,614. The stock has a market cap of $14.97 million, a P/E ratio of 22.00 and a beta of 1.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.44 and a current ratio of 0.44. Conifer has a twelve month low of $1.28 and a twelve month high of $4.33. The company has a fifty day moving average price of $2.21 and a two-hundred day moving average price of $2.31.

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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Earnings History and Estimates for Conifer (NASDAQ:CNFR)

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