Brokers Issue Forecasts for Timbercreek Financial Corp’s FY2016 Earnings (TF)
Timbercreek Financial Corp (TSE:TF) – Raymond James Financial lifted their FY2016 earnings per share (EPS) estimates for shares of Timbercreek Financial Corp in a note issued to investors on Thursday. Raymond James Financial analyst J. Rodrigues now anticipates that the brokerage will post earnings of $0.69 per share for the year, up from their previous forecast of $0.67. Raymond James Financial also issued estimates for Timbercreek Financial Corp’s Q4 2016 earnings at $0.17 EPS, Q1 2017 earnings at $0.18 EPS, Q4 2017 earnings at $0.19 EPS and FY2017 earnings at $0.73 EPS.
Separately, TD Securities reiterated a “buy” rating and set a C$9.00 price target on shares of Timbercreek Financial Corp in a research report on Friday.
Timbercreek Financial Corp (TSE:TF) opened at 8.25 on Monday. Timbercreek Financial Corp has a 52-week low of $7.86 and a 52-week high of $8.73. The company has a market cap of $601.90 million and a PE ratio of 10.44. The firm’s 50 day moving average is $8.16 and its 200 day moving average is $8.21.
The business also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be given a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a dividend yield of 8.29%. The ex-dividend date of this dividend is Thursday, October 27th.
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