What is Cormark’s Estimate for TSE:IFC Q3 Earnings?

Intact Financial Co. (TSE:IFC) – Cormark issued their Q3 2024 earnings estimates for Intact Financial in a report issued on Wednesday, October 30th. Cormark analyst L. Persaud forecasts that the company will post earnings of $0.13 per share for the quarter. Cormark currently has a “Buy” rating and a $260.00 target price on the stock. The consensus estimate for Intact Financial’s current full-year earnings is $16.17 per share. Cormark also issued estimates for Intact Financial’s FY2024 earnings at $13.04 EPS and FY2025 earnings at $16.20 EPS.

A number of other research analysts also recently commented on the company. BMO Capital Markets raised their target price on shares of Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. TD Securities lifted their price objective on shares of Intact Financial from C$282.00 to C$293.00 in a research note on Tuesday, October 22nd. Scotiabank reduced their target price on shares of Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Desjardins lifted their price target on Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, CIBC boosted their price objective on shares of Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$267.90.

Intact Financial Price Performance

Shares of Intact Financial stock opened at C$269.16 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. Intact Financial has a 12 month low of C$196.27 and a 12 month high of C$271.81. The stock has a 50 day moving average of C$258.93 and a 200 day moving average of C$242.02. The firm has a market cap of C$48.01 billion, a PE ratio of 23.69, a PEG ratio of 2.01 and a beta of 0.57.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, July 30th. The company reported C$4.86 earnings per share (EPS) for the quarter, topping the consensus estimate of C$3.61 by C$1.25. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. The firm had revenue of C$7.07 billion for the quarter, compared to analysts’ expectations of C$7.64 billion.

Insider Buying and Selling at Intact Financial

In other news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$255.00, for a total value of C$510,000.00. 0.24% of the stock is currently owned by corporate insiders.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.