Timbercreek Financial (TF) Set to Announce Earnings on Monday

Timbercreek Financial (TSE:TF) will post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Timbercreek Financial to post earnings of C$0.18 per share for the quarter.

Timbercreek Financial (TSE:TF) last announced 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 business had revenue of C$29.72 million during the quarter, compared to analyst estimates of C$29.49 million. Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%.

Timbercreek Financial Stock Up 1.1 %

TF stock opened at C$7.61 on Friday. Timbercreek Financial has a 52-week low of C$5.74 and a 52-week high of C$7.85. The company’s 50 day simple moving average is C$7.62 and its 200-day simple moving average is C$7.04. 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 firm has a market capitalization of C$631.71 million, a P/E ratio of 9.76 and a beta of 1.24.

Timbercreek Financial Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 9.15%. The ex-dividend date is Monday, April 29th. Timbercreek Financial’s payout ratio is presently 88.46%.

Analysts Set New Price Targets

Several research firms recently issued reports on TF. 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. National Bankshares upped their target price on shares of 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 upgraded shares of Timbercreek Financial from a “hold” rating to a “buy” rating and upped their target price for the company from C$7.00 to C$8.50 in a research note on Wednesday, February 28th.

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.