Equities Analysts Set Expectations for Timbercreek Financial Corp.’s Q2 2024 Earnings (TSE:TF)

Timbercreek Financial Corp. (TSE:TF) – National Bank Financial boosted their Q2 2024 earnings per share (EPS) estimates for Timbercreek Financial in a research note issued on Monday, May 6th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.18. The consensus estimate for Timbercreek Financial’s current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for Timbercreek Financial’s Q3 2024 earnings at $0.19 EPS and FY2025 earnings at $0.76 EPS.

Timbercreek Financial (TSE:TF) last released its quarterly earnings results on Monday, February 26th. The company reported C$0.18 EPS for the quarter, missing the consensus estimate of C$0.19 by C($0.01). Timbercreek Financial had a net margin of 75.87% and a return on equity of 9.49%. The firm had revenue of C$29.72 million for the quarter, compared to analysts’ expectations of C$29.49 million.

A number of other analysts have also recently commented on TF. Fundamental Research set a C$9.90 target price on shares of Timbercreek Financial and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Raymond James set a C$8.40 target price on Timbercreek Financial and gave the company an “outperform” rating in a research report on Monday. National Bankshares boosted their price target on Timbercreek Financial from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Finally, TD Securities cut Timbercreek Financial from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$8.50 to C$8.00 in a research note on Wednesday.

Timbercreek Financial Stock Down 2.4 %

Timbercreek Financial stock opened at C$7.35 on Thursday. The business has a fifty day moving average price of C$7.62 and a 200-day moving average price of C$7.07. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$7.85. The stock has a market capitalization of C$610.12 million, a price-to-earnings ratio of 9.42 and a beta of 1.24.

Timbercreek Financial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a yield of 9.47%. The ex-dividend date is Monday, April 29th. Timbercreek Financial’s dividend payout ratio is currently 88.46%.

Timbercreek Financial Company Profile

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.