Timbercreek Financial (TF) Scheduled to Post Quarterly Earnings on Monday

Timbercreek Financial (TSE:TF) will be announcing its earnings results 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) last announced its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.01). Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%. The business had revenue of C$29.72 million for the quarter, compared to analysts’ expectations of C$29.49 million.

Timbercreek Financial Stock Up 1.1 %

Shares of TSE TF opened at C$7.61 on Friday. Timbercreek Financial has a 1 year low of C$5.74 and a 1 year high of C$7.85. The firm has a market cap of C$631.71 million, a price-to-earnings ratio of 9.76 and a beta of 1.24. The company has a debt-to-equity ratio of 142.94, a quick ratio of 145.00 and a current ratio of 7.72. The stock’s 50-day simple moving average is C$7.63 and its 200-day simple moving average is C$7.05.

Timbercreek Financial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 dividend yield of 9.15%. The ex-dividend date is Monday, April 29th. Timbercreek Financial’s payout ratio is 88.46%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TF. National Bankshares boosted their price objective on Timbercreek Financial from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. TD Securities raised Timbercreek Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$7.00 to C$8.50 in a report on Wednesday, February 28th. Finally, Fundamental Research set a C$9.90 price objective on Timbercreek Financial and gave the company a “buy” rating in a report on Wednesday, March 13th.

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.