Firm Capital Mortgage Investment (TSE:FC) Announces Quarterly Earnings Results

Firm Capital Mortgage Investment (TSE:FC) released its quarterly earnings results on Thursday. The company reported C$0.23 EPS for the quarter, FiscalAI reports. Firm Capital Mortgage Investment had a return on equity of 8.24% and a net margin of 57.32%. The business had revenue of C$14.18 million during the quarter.

Firm Capital Mortgage Investment Price Performance

Firm Capital Mortgage Investment stock opened at C$10.57 on Friday. Firm Capital Mortgage Investment has a 52 week low of C$10.28 and a 52 week high of C$12.46. The company’s 50 day moving average price is C$11.15 and its two-hundred day moving average price is C$11.81. The company has a quick ratio of 17.11, a current ratio of 0.14 and a debt-to-equity ratio of 34.45. The stock has a market cap of C$388.34 million, a P/E ratio of 11.13 and a beta of 0.53.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. National Bank Financial cut their price objective on shares of Firm Capital Mortgage Investment from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 28th. TD reduced their target price on shares of Firm Capital Mortgage Investment from C$13.00 to C$12.50 and set a “buy” rating for the company in a research note on Wednesday, October 14th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Firm Capital Mortgage Investment currently has an average rating of “Moderate Buy” and a consensus target price of C$11.75.

Firm Capital Mortgage Investment Company Profile

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors.