Timbercreek Financial (TSE:TF – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of C$0.18 per share for the quarter.
Timbercreek Financial (TSE:TF – Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.18 earnings per share 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 during the quarter, compared to analysts’ expectations of C$29.49 million.
Timbercreek Financial Stock Performance
Timbercreek Financial stock opened at C$7.61 on Friday. The firm has a 50 day simple moving average of C$7.63 and a 200-day simple moving average of C$7.05. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$7.85. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00. The stock has a market cap of C$631.71 million, a price-to-earnings ratio of 9.76 and a beta of 1.24.
Timbercreek Financial Announces Dividend
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on TF. TD Securities upgraded shares of Timbercreek Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$7.00 to C$8.50 in a report on Wednesday, February 28th. Fundamental Research set a C$9.90 price objective on shares of Timbercreek Financial and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, National Bankshares upped their price objective on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th.
View Our Latest Stock Analysis on Timbercreek Financial
About Timbercreek Financial
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.
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