Timbercreek Financial (TF) to Release Quarterly Earnings on Wednesday

Timbercreek Financial (TSE:TF) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of C$0.17 per share for the quarter.

Timbercreek Financial (TSE:TF) last issued its earnings results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The business had revenue of C$26.68 million during the quarter, compared to analysts’ expectations of C$27.90 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%.

Timbercreek Financial Stock Performance

Shares of Timbercreek Financial stock opened at C$8.11 on Monday. The stock has a market cap of C$673.21 million, a PE ratio of 11.11 and a beta of 1.23. The business has a fifty day simple moving average of C$8.02 and a 200-day simple moving average of C$7.61. 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 has a 12 month low of C$5.74 and a 12 month high of C$8.29.

Timbercreek Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors 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 dividend on an annualized basis and a yield of 8.58%. Timbercreek Financial’s payout ratio is 94.52%.

Analyst Ratings Changes

A number of research firms have recently commented on TF. National Bankshares lifted their price objective on Timbercreek Financial from C$7.50 to C$8.00 in a research note on Thursday, August 1st. TD Securities lifted their price objective on Timbercreek Financial from C$7.50 to C$8.00 in a research note on Friday, August 2nd.

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.