Conifer (CNFR) Set to Announce Quarterly Earnings on Wednesday

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Conifer (NASDAQ:CNFR) is set to announce its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.

Conifer (NASDAQ:CNFR) last released its quarterly earnings results on Wednesday, August 8th. The insurance provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). Conifer had a negative return on equity of 33.42% and a negative net margin of 20.48%. The company had revenue of $25.27 million for the quarter, compared to analyst estimates of $23.33 million. On average, analysts expect Conifer to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of CNFR traded up $0.02 during mid-day trading on Thursday, hitting $5.75. 946 shares of the company were exchanged, compared to its average volume of 1,790. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.58. Conifer has a 1-year low of $5.00 and a 1-year high of $7.20. The company has a market cap of $48.82 million, a PE ratio of -1.98 and a beta of 1.07.

A number of research analysts recently issued reports on the company. ValuEngine raised Conifer from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Zacks Investment Research cut Conifer from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. Finally, Raymond James reaffirmed a “buy” rating on shares of Conifer in a report on Monday, August 13th. One 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. Conifer has an average rating of “Hold” and an average target price of $6.42.

In other Conifer news, President Brian J. Roney purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was acquired at an average cost of $6.07 per share, with a total value of $60,700.00. Following the completion of the acquisition, the president now directly owns 313,602 shares of the company’s stock, valued at approximately $1,903,564.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 52.50% of the company’s stock.

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 for Conifer (NASDAQ:CNFR)

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