Conifer (NASDAQ:CNFR) announced its quarterly earnings results on Wednesday, May 8th. The insurance provider reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.47), Morningstar.com reports. Conifer had a negative return on equity of 21.47% and a negative net margin of 10.28%. The business had revenue of $24.30 million for the quarter, compared to analyst estimates of $24.01 million.
Conifer stock opened at $3.93 on Friday. Conifer has a 12 month low of $3.06 and a 12 month high of $7.20. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $32.78 million, a PE ratio of -8.93 and a beta of 1.52.
CNFR has been the topic of several research reports. Zacks Investment Research downgraded Conifer from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Boenning Scattergood reaffirmed a “buy” rating and issued a $6.50 target price on shares of Conifer in a research report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.50.
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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