Scotiabank Has Positive Forecast for Interfor Q4 Earnings

Interfor Co. (TSE:IFP) – Stock analysts at Scotiabank raised their Q4 2024 earnings per share (EPS) estimates for shares of Interfor in a note issued to investors on Tuesday, January 21st. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of ($0.39) for the quarter, up from their prior forecast of ($0.97). The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

Interfor (TSE:IFP) last released its earnings results on Wednesday, November 6th. The company reported C($2.05) earnings per share for the quarter, missing analysts’ consensus estimates 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 company earned ($0.82) EPS.

Several other research analysts have also recently weighed in on the stock. Raymond James dropped their price objective on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a research report on Tuesday. CIBC lowered their price objective on shares of Interfor from C$23.00 to C$22.00 in a research report on Wednesday, January 15th. TD Securities lowered their price objective on shares of Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada reduced their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$24.00.

Interfor Stock Up 0.1 %

Shares of IFP opened at C$18.03 on Thursday. The company has a market capitalization of C$927.64 million, a P/E ratio of -2.58 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. Interfor has a one year low of C$15.35 and a one year high of C$22.38. The business’s 50 day simple moving average is C$18.20 and its 200-day simple moving average is C$18.17.

Insider Activity at Interfor

In other Interfor news, Director Ian Fillinger bought 5,490 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of C$18.48 per share, for a total transaction of C$101,433.24. 0.94% of the stock is owned by company 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.