Analysts Offer Predictions for iA Financial FY2024 Earnings

iA Financial Co. Inc. (TSE:IAG) – Investment analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for shares of iA Financial in a research report issued to clients and investors on Tuesday, November 5th. National Bank Financial analyst G. Dechaine now expects that the company will earn $10.90 per share for the year, up from their prior estimate of $10.49. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for iA Financial’s current full-year earnings is $11.62 per share. National Bank Financial also issued estimates for iA Financial’s Q4 2024 earnings at $2.80 EPS and FY2025 earnings at $11.80 EPS.

A number of other research firms have also recently weighed in on IAG. CIBC lifted their price objective on iA Financial from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank increased their price target on shares of iA Financial from C$110.00 to C$126.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on shares of iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a research report on Thursday, August 8th. Cibc World Mkts upgraded shares of iA Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, Cormark upped their price objective on shares of iA Financial from C$127.00 to C$130.00 in a research report on Wednesday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, iA Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$117.13.

iA Financial Price Performance

TSE IAG opened at C$133.65 on Thursday. The business’s fifty day moving average price is C$111.27 and its 200-day moving average price is C$96.70. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The stock has a market capitalization of C$12.72 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.26 and a beta of 1.13. iA Financial has a 1-year low of C$80.95 and a 1-year high of C$134.29.

iA Financial (TSE:IAG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.58 by C$0.17. The company had revenue of C$1.64 billion during the quarter. iA Financial had a net margin of 9.02% and a return on equity of 10.51%.

iA Financial Company Profile

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.