Timbercreek Financial Corp. (TSE:TF) to Post Q4 2024 Earnings of $0.19 Per Share, National Bank Financial Forecasts

Timbercreek Financial Corp. (TSE:TF) – National Bank Financial increased their Q4 2024 EPS estimates for shares of Timbercreek Financial in a report 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 previous 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 Q1 2025 earnings at $0.18 EPS.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.19 by C($0.01). The company had revenue of C$29.72 million during the quarter, compared to analyst estimates of C$29.49 million. Timbercreek Financial had a net margin of 75.87% and a return on equity of 9.49%.

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

Timbercreek Financial Trading Down 2.4 %

Timbercreek Financial stock opened at C$7.35 on Wednesday. The company has a current ratio of 7.72, a quick ratio of 145.00 and a debt-to-equity ratio of 142.94. The firm has a market cap of C$610.12 million, a PE ratio of 9.42 and a beta of 1.24. The stock’s 50 day simple moving average is C$7.62 and its two-hundred day simple moving average is C$7.07. Timbercreek Financial has a 12 month low of C$5.74 and a 12 month high of C$7.85.

Timbercreek Financial Dividend Announcement

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 paid a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 9.47%. The ex-dividend date of this dividend is Monday, April 29th. Timbercreek Financial’s dividend payout ratio is presently 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.