Equities Analysts Issue Forecasts for Timbercreek Financial Corp.’s Q4 2024 Earnings (TSE:TF)

Timbercreek Financial Corp. (TSE:TF) – Equities research analysts at National Bank Financial upped their Q4 2024 earnings estimates for shares of Timbercreek Financial in a report issued on Monday, May 6th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.18. 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 Q1 2025 earnings at $0.18 EPS.

Several other analysts have also commented on TF. Raymond James set a C$8.40 target price on shares of Timbercreek Financial and gave the company an “outperform” rating in a research note on Monday. TD Securities cut Timbercreek Financial from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$8.50 to C$8.00 in a report on Wednesday. National Bankshares increased their price target on Timbercreek Financial from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Finally, Fundamental Research set a C$9.90 price objective on Timbercreek Financial and gave the stock a “buy” rating in a report on Wednesday, March 13th.

Timbercreek Financial Stock Performance

TF opened at C$7.35 on Wednesday. The business has a 50 day moving average price of C$7.62 and a two-hundred day moving average price of C$7.07. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00. The company has a market capitalization of C$610.12 million, a price-to-earnings ratio of 9.42 and a beta of 1.24. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$7.85.

Timbercreek Financial (TSE:TF) last announced its quarterly 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). The business had revenue of C$29.72 million for the quarter, compared to analyst estimates of C$29.49 million. Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%.

Timbercreek Financial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 9.47%. The ex-dividend date is Monday, April 29th. Timbercreek Financial’s dividend payout ratio (DPR) is presently 88.46%.

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.