Equities analysts predict that Conifer Holdings Inc (NASDAQ:CNFR) will announce sales of $24.91 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Conifer’s earnings, with estimates ranging from $23.72 million to $26.10 million. Conifer posted sales of $25.06 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.6%. The company is expected to issue its next earnings report on Wednesday, May 9th.
On average, analysts expect that Conifer will report full-year sales of $24.91 million for the current financial year, with estimates ranging from $102.38 million to $105.70 million. For the next financial year, analysts expect that the business will report sales of $110.43 million per share, with estimates ranging from $108.40 million to $112.46 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Conifer.
Conifer (NASDAQ:CNFR) last released its quarterly earnings results on Wednesday, February 28th. The insurance provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Conifer had a negative net margin of 22.25% and a negative return on equity of 36.94%. The company had revenue of $26.55 million for the quarter, compared to analyst estimates of $24.81 million.
Conifer (NASDAQ CNFR) traded down $0.54 on Thursday, hitting $6.30. 7,539 shares of the company were exchanged, compared to its average volume of 7,734. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.54 and a quick ratio of 0.54. Conifer has a one year low of $5.00 and a one year high of $8.20. The company has a market capitalization of $53.67, a price-to-earnings ratio of -2.43 and a beta of 1.37.
In related news, Director Mark Mccammon sold 97,319 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $5.78, for a total transaction of $562,503.82. Following the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at $52,020. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 45.50% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Conifer stock. Northpointe Capital LLC boosted its stake in Conifer Holdings Inc (NASDAQ:CNFR) by 69.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 534,955 shares of the insurance provider’s stock after acquiring an additional 218,765 shares during the period. Northpointe Capital LLC owned 6.28% of Conifer worth $3,103,000 as of its most recent filing with the SEC. 27.30% of the stock is currently owned by institutional investors and hedge funds.
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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