What is Scotiabank’s Estimate for Interfor Q3 Earnings?

by · The Markets Daily

Interfor Co. (TSE:IFP – Free Report) – Stock analysts at Scotiabank issued their Q3 2024 earnings estimates for Interfor in a note issued to investors on Monday, October 21st. Scotiabank analyst B. Isaacson expects that the company will post earnings of ($1.58) per share for the quarter. Scotiabank has a “Outperform” rating and a $24.00 price objective on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

Several other equities research analysts also recently commented on IFP. BMO Capital Markets dropped their price objective on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 23rd. CIBC raised their price objective on shares of Interfor from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from C$26.00 to C$30.00 in a research note on Tuesday. TD Securities lowered Interfor from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$21.00 to C$23.00 in a research note on Friday, October 18th. Finally, Royal Bank of Canada dropped their price objective on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.00.

Check Out Our Latest Research Report on Interfor

Interfor Stock Up 0.8 %

Shares of TSE IFP opened at C$20.33 on Wednesday. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. The stock has a market capitalization of C$1.05 billion, a PE ratio of -2.90 and a beta of 2.54. Interfor has a one year low of C$15.35 and a one year high of C$26.00. The business’s fifty day moving average price is C$18.51 and its 200-day moving average price is C$17.89.

Interfor (TSE:IFP – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C($1.47) EPS for the quarter, missing the consensus estimate of C($1.17) by C($0.30). Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. The firm had revenue of C$771.20 million during the quarter, compared to analysts’ expectations of C$774.00 million.

Interfor Company Profile

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Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.

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