Equities research analysts predict that Conifer Holdings, Inc. (NASDAQ:CNFR – Get Rating) will announce $24.78 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Conifer’s earnings, with the lowest sales estimate coming in at $21.98 million and the highest estimate coming in at $27.10 million. Conifer reported sales of $35.45 million in the same quarter last year, which suggests a negative year-over-year growth rate of 30.1%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Conifer will report full year sales of $101.66 million for the current financial year, with estimates ranging from $88.54 million to $111.80 million. For the next financial year, analysts expect that the company will post sales of $112.40 million, with estimates ranging from $83.12 million to $127.89 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Conifer.
Conifer (NASDAQ:CNFR – Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The insurance provider reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.17). Conifer had a net margin of 0.58% and a negative return on equity of 24.66%. During the same period in the prior year, the firm posted ($0.72) earnings per share.
A hedge fund recently raised its stake in Conifer stock. Renaissance Technologies LLC raised its holdings in shares of Conifer Holdings, Inc. (NASDAQ:CNFR – Get Rating) by 107.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,100 shares of the insurance provider’s stock after purchasing 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. Institutional investors own 36.93% of the company’s stock.
Shares of CNFR stock opened at $1.44 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.27. Conifer has a twelve month low of $1.28 and a twelve month high of $4.33. The company has a market cap of $13.99 million, a P/E ratio of 20.57 and a beta of 1.14. The business has a fifty day simple moving average of $2.19 and a 200 day simple moving average of $2.30.
Conifer Company Profile (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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