Zacks: Brokerages Expect Conifer Holdings, Inc. (CNFR) Will Announce Earnings of -$0.20 Per Share
Equities analysts expect Conifer Holdings, Inc. (NASDAQ:CNFR) to post earnings per share (EPS) of ($0.20) for the current quarter, Zacks reports. Two analysts have made estimates for Conifer Holdings’ earnings. Conifer Holdings also posted earnings per share of ($0.20) in the same quarter last year. The firm is scheduled to announce its next earnings report on Wednesday, November 8th.
On average, analysts expect that Conifer Holdings will report full-year earnings of ($0.60) per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.50 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Conifer Holdings.
Conifer Holdings (NASDAQ:CNFR) last announced its quarterly earnings results on Wednesday, August 9th. The insurance provider reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.31). The company had revenue of $26.28 million during the quarter, compared to analyst estimates of $24.98 million. Conifer Holdings had a negative net margin of 8.65% and a negative return on equity of 14.14%.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded Conifer Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, July 17th. Boenning Scattergood assumed coverage on Conifer Holdings in a research note on Wednesday, August 16th. They set a “neutral” rating on the stock.
Shares of Conifer Holdings (NASDAQ CNFR) traded down 1.43% during mid-day trading on Friday, reaching $6.90. The company had a trading volume of 2,018 shares. The firm’s 50 day moving average is $6.94 and its 200-day moving average is $6.97. The stock’s market capitalization is $52.67 million. Conifer Holdings has a 12-month low of $6.60 and a 12-month high of $8.60.
Institutional investors have recently bought and sold shares of the business. Aegis Financial Corp increased its stake in Conifer Holdings by 49.8% during the 1st quarter. Aegis Financial Corp now owns 686,614 shares of the insurance provider’s stock worth $5,012,000 after acquiring an additional 228,175 shares during the period. Wells Fargo & Company MN increased its stake in Conifer Holdings by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 149,245 shares of the insurance provider’s stock worth $1,067,000 after acquiring an additional 1,200 shares during the period. Northpointe Capital LLC increased its stake in Conifer Holdings by 22.7% during the 2nd quarter. Northpointe Capital LLC now owns 316,190 shares of the insurance provider’s stock worth $2,182,000 after acquiring an additional 58,484 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in Conifer Holdings by 10.5% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 289,883 shares of the insurance provider’s stock worth $2,116,000 after acquiring an additional 27,544 shares during the period. Hedge funds and other institutional investors own 28.92% of the company’s stock.
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Conifer Holdings Company Profile
Conifer Holdings, Inc is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal product lines. It operates through two segments: commercial lines and personal lines. It is engaged in underwriting and marketing insurance coverage, and administering claims processing for such policies.
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