What is Scotiabank’s Forecast for Interfor Q3 Earnings?

Interfor Co. (TSE:IFP) – Investment analysts at Scotiabank issued their Q3 2024 earnings per share estimates for Interfor in a report released on Monday, October 21st. Scotiabank analyst B. Isaacson anticipates that the company will earn ($1.58) per share for the quarter. Scotiabank has a “Outperform” rating and a $24.00 price target on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

Several other analysts also recently issued reports on the company. BMO Capital Markets cut their price target on 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. Royal Bank of Canada lowered their price target on Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. CIBC lifted their price target on Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from C$26.00 to C$30.00 in a report on Tuesday. Finally, Cibc World Mkts cut Interfor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$24.00.

Interfor Trading Down 3.5 %

Shares of TSE IFP opened at C$19.61 on Wednesday. The company has a market cap of C$1.01 billion, a price-to-earnings ratio of -2.80 and a beta of 2.54. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The stock’s 50 day simple moving average is C$18.55 and its 200 day simple moving average is C$17.88.

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

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.