Scotiabank Issues Optimistic Forecast for Interfor Earnings

Interfor Co. (TSE:IFP) – Investment analysts at Scotiabank increased their Q4 2024 EPS estimates for shares of Interfor in a research report issued to clients and investors on Tuesday, January 21st. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of ($0.39) for the quarter, up from their previous estimate of ($0.97). The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

Interfor (TSE:IFP) last announced its earnings results on Wednesday, November 6th. The company reported C($2.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.58) by C($0.47). Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%. During the same quarter in the prior year, the business posted ($0.82) EPS.

Several other brokerages have also recently issued reports on IFP. CIBC decreased their target price on shares of Interfor from C$23.00 to C$22.00 in a report on Wednesday, January 15th. TD Securities cut their target price on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Raymond James dropped their price target on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada lowered their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Three 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. According to MarketBeat, Interfor presently has an average rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Trading Up 0.1 %

Shares of TSE IFP opened at C$18.03 on Thursday. Interfor has a 1 year low of C$15.35 and a 1 year high of C$22.38. The stock has a market cap of C$927.64 million, a P/E ratio of -2.58 and a beta of 2.54. The firm has a 50-day moving average of C$18.20 and a 200 day moving average of C$18.17. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15.

Insiders Place Their Bets

In related news, Director Ian Fillinger purchased 3,150 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of C$16.29 per share, with a total value of C$51,304.05. 0.94% of the stock is currently owned by insiders.

Interfor Company Profile

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.