Equities analysts expect Conifer Holdings Inc (NASDAQ:CNFR) to post ($0.10) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Conifer’s earnings. Conifer posted earnings per share of $0.02 during the same quarter last year, which suggests a negative year-over-year growth rate of 600%. The company is expected to announce its next quarterly earnings report on Wednesday, February 27th.

On average, analysts expect that Conifer will report full year earnings of ($0.05) per share for the current financial year. For the next year, analysts forecast that the company will report earnings of $0.33 per share, with EPS estimates ranging from $0.30 to $0.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Conifer.

Conifer (NASDAQ:CNFR) last issued its quarterly earnings data on Thursday, November 8th. The insurance provider reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.16). The firm had revenue of $24.77 million during the quarter, compared to analyst estimates of $24.14 million. Conifer had a negative net margin of 4.17% and a positive return on equity of 1.21%.

A number of equities analysts have recently commented on CNFR shares. ValuEngine lowered shares of Conifer from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Boenning Scattergood reiterated a “buy” rating and issued a $7.00 target price on shares of Conifer in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of Conifer from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Finally, Raymond James restated a “buy” rating on shares of Conifer in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $6.42.

In other Conifer news, President Brian J. Roney purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was bought at an average price of $6.07 per share, with a total value of $60,700.00. Following the transaction, the president now directly owns 313,602 shares of the company’s stock, valued at approximately $1,903,564.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 52.50% of the company’s stock.

NASDAQ:CNFR traded up $0.03 during trading hours on Monday, hitting $4.44. The company’s stock had a trading volume of 2,740 shares, compared to its average volume of 3,611. The firm has a market capitalization of $37.98 million, a PE ratio of -1.53 and a beta of 0.74. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.64. Conifer has a twelve month low of $4.32 and a twelve month high of $7.20.

Conifer Company Profile

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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Earnings History and Estimates for Conifer (NASDAQ:CNFR)

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