Analysts expect Conifer Holdings Inc (NASDAQ:CNFR) to report earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Conifer’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.14. Conifer posted earnings of $0.02 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 250%. The company is expected to issue its next quarterly earnings results on Wednesday, February 27th.
According to Zacks, analysts expect that Conifer will report full year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.15 to $0.40. For the next fiscal year, analysts anticipate that the company will report earnings of $0.48 per share, with EPS estimates ranging from $0.40 to $0.55. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Conifer.
Conifer (NASDAQ:CNFR) last released its earnings results on Thursday, November 8th. The insurance provider reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.16). Conifer had a negative net margin of 4.17% and a positive return on equity of 1.18%. The company had revenue of $24.77 million during the quarter, compared to the consensus estimate of $24.14 million.
Several equities research analysts recently weighed in on CNFR shares. Zacks Investment Research cut shares of Conifer from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Boenning Scattergood reiterated a “buy” rating and issued a $7.00 target price on shares of Conifer in a research note on Thursday. ValuEngine cut shares of Conifer from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Finally, TheStreet cut shares of Conifer from a “c-” rating to a “d” rating in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Conifer presently has a consensus rating of “Hold” and an average price target of $6.42.
NASDAQ CNFR opened at $5.61 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.47 and a quick ratio of 0.47. Conifer has a twelve month low of $5.00 and a twelve month high of $7.20. The stock has a market capitalization of $47.97 million, a P/E ratio of 80.43 and a beta of 0.79.
In related news, President Brian J. Roney bought 10,000 shares of Conifer stock in a transaction that occurred on Tuesday, September 11th. The stock was acquired at an average price of $6.07 per share, for a total transaction of $60,700.00. Following the completion of the purchase, the president now owns 313,602 shares in the company, valued at $1,903,564.14. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 52.50% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in Conifer stock. Northpointe Capital LLC boosted its holdings in shares of Conifer Holdings Inc (NASDAQ:CNFR) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 457,842 shares of the insurance provider’s stock after purchasing an additional 11,569 shares during the period. Northpointe Capital LLC owned about 5.37% of Conifer worth $2,884,000 as of its most recent SEC filing. Institutional investors own 25.61% of the company’s stock.
Conifer Holdings, Inc, an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, such as companies that provide security guard services, security alarm products and services, and private investigative services.
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