Brokers Offer Predictions for TSE:TF FY2024 Earnings

Timbercreek Financial Corp. (TSE:TF) – Equities research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for Timbercreek Financial in a research note issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will earn $0.73 per share for the year, down from their previous estimate of $0.74. The consensus estimate for Timbercreek Financial’s current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for Timbercreek Financial’s Q2 2025 earnings at $0.18 EPS.

Several other brokerages have also recently issued reports on TF. TD Securities increased their target price on Timbercreek Financial from C$7.50 to C$8.00 in a research report on Friday, August 2nd. National Bankshares increased their target price on Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research report on Wednesday.

Timbercreek Financial Trading Up 1.4 %

TF opened at C$8.25 on Thursday. The stock’s fifty day moving average is C$8.03 and its two-hundred day moving average is C$7.62. The company has a market capitalization of C$684.83 million, a P/E ratio of 11.30 and a beta of 1.23. Timbercreek Financial has a 52 week low of C$5.74 and a 52 week high of C$8.29. The company has a quick ratio of 145.00, a current ratio of 7.36 and a debt-to-equity ratio of 132.31.

Timbercreek Financial (TSE:TF) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 EPS for the quarter, hitting the consensus estimate of C$0.17. The company had revenue of C$25.41 million for the quarter, compared to the consensus estimate of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%.

Timbercreek Financial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.058 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.70 annualized dividend and a yield of 8.44%. Timbercreek Financial’s dividend payout ratio (DPR) is presently 94.52%.

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.