$0.08 EPS Expected for Conifer Holdings Inc (CNFR) This Quarter

Equities research analysts predict that Conifer Holdings Inc (NASDAQ:CNFR) will post earnings per share of $0.08 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Conifer’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.08. Conifer posted earnings of ($2.48) per share in the same quarter last year, which indicates a positive year over year growth rate of 103.2%. The business is expected to report its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Conifer will report full year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.40 to $0.45. For the next year, analysts expect that the firm will report earnings of $0.60 per share, with EPS estimates ranging from $0.55 to $0.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Conifer.

Conifer (NASDAQ:CNFR) last released its quarterly earnings data on Wednesday, August 8th. The insurance provider reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). Conifer had a negative net margin of 20.48% and a negative return on equity of 33.42%. The company had revenue of $25.27 million for the quarter, compared to analyst estimates of $23.33 million.

A number of research firms recently issued reports on CNFR. Raymond James restated a “buy” rating on shares of Conifer in a research report on Monday. ValuEngine lowered Conifer from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Boenning Scattergood raised Conifer from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Thursday, May 10th. Finally, Zacks Investment Research downgraded Conifer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.42.

NASDAQ:CNFR remained flat at $$6.50 during midday trading on Thursday. The company had a trading volume of 2 shares, compared to its average volume of 573. Conifer has a twelve month low of $5.00 and a twelve month high of $7.20. The firm has a market cap of $54.96 million, a price-to-earnings ratio of -2.24 and a beta of 1.08. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.58.

A hedge fund recently raised its stake in Conifer stock. Northpointe Capital LLC raised its holdings in shares of Conifer Holdings Inc (NASDAQ:CNFR) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,842 shares of the insurance provider’s stock after acquiring an additional 11,569 shares during the period. Northpointe Capital LLC owned approximately 5.37% of Conifer worth $2,884,000 as of its most recent SEC filing. 26.08% of the stock is currently owned by institutional investors.

About Conifer

Conifer Holdings, Inc, an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, such as companies that provide security guard services, security alarm products and services, and private investigative services.

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Earnings History and Estimates for Conifer (NASDAQ:CNFR)

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