What is Raymond James’ Forecast for TSE:TF FY2024 Earnings?

Timbercreek Financial Corp. (TSE:TF) – Equities researchers at Raymond James upped their FY2024 earnings estimates for shares of Timbercreek Financial in a research report issued to clients and investors on Wednesday, October 30th. Raymond James analyst S. Boland now forecasts that the company will post earnings per share of $0.64 for the year, up from their prior forecast of $0.62. The consensus estimate for Timbercreek Financial’s current full-year earnings is $0.73 per share. Raymond James also issued estimates for Timbercreek Financial’s Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.65 EPS.

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

Several other analysts also recently commented on TF. National Bankshares raised their price objective on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. TD Securities lifted their price target on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research report on Friday, August 2nd.

Timbercreek Financial Stock Performance

Shares of TF stock opened at C$7.43 on Monday. The company 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 has a 52 week low of C$6.32 and a 52 week high of C$8.29. The company has a quick ratio of 145.00, a current ratio of 7.36 and a debt-to-equity ratio of 132.31. The firm has a 50 day moving average of C$8.01 and a 200-day moving average of C$7.62.

Timbercreek Financial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.37%. The ex-dividend date is Thursday, October 31st. Timbercreek Financial’s payout ratio is 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.