Wall Street brokerages expect Conifer Holdings Inc (NASDAQ:CNFR) to report $23.00 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Conifer’s earnings. The highest sales estimate is $24.10 million and the lowest is $21.89 million. Conifer reported sales of $24.77 million in the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The business is scheduled to announce its next earnings report on Wednesday, November 6th.
On average, analysts expect that Conifer will report full-year sales of $92.93 million for the current year, with estimates ranging from $91.15 million to $94.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $94.95 million, with estimates ranging from $87.09 million to $102.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Conifer.
Conifer (NASDAQ:CNFR) last issued its earnings results on Wednesday, August 7th. The insurance provider reported ($0.67) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.50). The business had revenue of $22.78 million during the quarter, compared to analyst estimates of $23.16 million. Conifer had a negative net margin of 12.40% and a negative return on equity of 34.09%.
Shares of NASDAQ CNFR remained flat at $$3.96 during mid-day trading on Wednesday. The business’s 50-day simple moving average is $3.70 and its two-hundred day simple moving average is $4.17. The firm has a market capitalization of $35.47 million, a price-to-earnings ratio of -9.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.50 and a quick ratio of 0.50. Conifer has a 52-week low of $3.06 and a 52-week high of $7.00.
In related news, President Brian J. Roney bought 10,000 shares of the stock in a transaction on Monday, June 3rd. The stock was bought at an average price of $3.39 per share, with a total value of $33,900.00. Following the completion of the purchase, the president now directly owns 331,919 shares in the company, valued at approximately $1,125,205.41. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Clarkston Ventures, Llc bought 193,269 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $3.75 per share, with a total value of $724,758.75. Following the purchase, the insider now owns 1,770,766 shares of the company’s stock, valued at $6,640,372.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 323,502 shares of company stock valued at $1,221,373. 47.50% of the stock is owned by company insiders.
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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