Timbercreek Financial (TF) Set to Announce Quarterly Earnings on Wednesday

Timbercreek Financial (TSE:TF) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 5th. 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, March 8th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.01). The business had revenue of C$23.96 million during the quarter, compared to analysts’ expectations of C$23.13 million.

TSE:TF traded up C$0.08 during trading on Tuesday, reaching C$9.19. The company’s stock had a trading volume of 50,943 shares, compared to its average volume of 105,473. The firm has a market cap of C$744.18 million and a price-to-earnings ratio of 23.36. The company has a debt-to-equity ratio of 147.69, a quick ratio of 85.32 and a current ratio of 86.07. The firm has a 50 day moving average of C$8.94 and a 200-day moving average of C$8.66. Timbercreek Financial has a 12 month low of C$7.39 and a 12 month high of C$9.28.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be paid a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend is Thursday, April 29th. This is an increase from Timbercreek Financial’s previous monthly dividend of $0.06. Timbercreek Financial’s dividend payout ratio is 176.92%.

TF has been the subject of several research reports. Fundamental Research increased their price target on Timbercreek Financial from C$10.07 to C$10.08 and gave the stock a “buy” rating in a research note on Tuesday, March 16th. TD Securities increased their price target on Timbercreek Financial from C$9.00 to C$9.50 and gave the stock a “hold” rating in a research note on Tuesday, April 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$9.15.

Timbercreek Financial Company Profile

Timbercreek Financial Corp., a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.

Featured Story: What causes a stock to be most active?

Earnings History for Timbercreek Financial (TSE:TF)

Receive News & Ratings for Timbercreek Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timbercreek Financial and related companies with MarketBeat.com's FREE daily email newsletter.