FY2024 EPS Estimates for Interfor Increased by Raymond James

Interfor Co. (TSE:IFP) – Investment analysts at Raymond James increased their FY2024 earnings estimates for shares of Interfor in a note issued to investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings per share of ($5.49) for the year, up from their previous estimate of ($5.86). Raymond James currently has a “Strong-Buy” rating and a $26.00 target price on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share. Raymond James also issued estimates for Interfor’s FY2025 earnings at ($0.92) EPS and FY2026 earnings at $3.16 EPS.

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

Several other research analysts have also weighed in on the stock. TD Securities lowered their target price on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. CIBC lowered their price target on Interfor from C$23.00 to C$22.00 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reduced their price objective on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Interfor has an average rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Price Performance

Interfor stock opened at C$18.03 on Wednesday. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. Interfor has a one year low of C$15.35 and a one year high of C$22.38. The company has a market cap of C$927.64 million, a P/E ratio of -2.58 and a beta of 2.54. The business has a fifty day moving average of C$18.20 and a two-hundred day moving average of C$18.17.

Insider Activity at Interfor

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

About Interfor

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.