Scotiabank Issues Positive Outlook for Interfor Earnings

Interfor Co. (TSE:IFP) – Investment analysts at Scotiabank raised their Q4 2024 earnings per share 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 forecast of ($0.97). The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

A number of other research firms have also recently issued reports on IFP. Royal Bank of Canada lowered their target price 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. CIBC decreased their price target on shares of Interfor from C$23.00 to C$22.00 in a research note on Wednesday, January 15th. TD Securities lowered their price target on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Finally, Raymond James decreased their price objective on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Trading Up 2.1 %

TSE IFP opened at C$18.40 on Thursday. 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 firm has a market cap of C$946.68 million, a P/E ratio of -2.63 and a beta of 2.54. The stock’s 50-day moving average is C$18.20 and its 200-day moving average is C$18.17. Interfor has a one year low of C$15.35 and a one year high of C$22.38.

Interfor (TSE:IFP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C($2.05) earnings per share (EPS) 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 last year, the firm posted ($0.82) EPS.

Insider Transactions at Interfor

In other news, Director Ian Fillinger purchased 3,150 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost 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.