TSE:TF FY2024 EPS Decreased by National Bank Financial

Timbercreek Financial Corp. (TSE:TF) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share estimates for shares of Timbercreek Financial in a report issued on Thursday, October 31st. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $0.70 per share for the year, down from their prior estimate of $0.73. 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 Q4 2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.17 EPS, FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.73 EPS.

Timbercreek Financial (TSE:TF) last announced its earnings results on Wednesday, October 30th. The company reported C$0.17 EPS for the quarter, hitting analysts’ consensus estimates of C$0.17. The firm had revenue of C$25.41 million during the quarter, compared to analysts’ expectations of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%.

A number of other research firms have also recently issued reports on TF. National Bankshares boosted their price objective on Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. TD Securities boosted their price objective on Timbercreek Financial from C$7.50 to C$8.00 in a report on Friday, August 2nd.

Timbercreek Financial Price Performance

Shares of Timbercreek Financial stock opened at C$7.43 on Monday. The stock has a 50 day moving average price of C$8.01 and a 200-day moving average price of C$7.62. Timbercreek Financial has a one year low of C$6.32 and a one year high of C$8.29. The company has a debt-to-equity ratio of 132.31, a quick ratio of 145.00 and a current ratio of 7.36. The stock has a market cap of C$616.76 million, a price-to-earnings ratio of 10.18 and a beta of 1.23.

Timbercreek Financial Dividend Announcement

The company 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. This represents a $0.70 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date is Thursday, October 31st. 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.