Intact Financial (IFC) Set to Announce Earnings on Tuesday

Intact Financial (TSE:IFC) is set to release its earnings data after the market closes on Tuesday, November 7th. Analysts expect Intact Financial to post earnings of C$1.52 per share for the quarter.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported C$2.30 earnings per share for the quarter, missing the consensus estimate of C$2.54 by C($0.24). Intact Financial had a net margin of 6.62% and a return on equity of 8.51%. The company had revenue of C$5.49 billion for the quarter.

Intact Financial Stock Performance

Intact Financial stock opened at C$198.84 on Friday. The company has a 50 day moving average price of C$196.58 and a 200-day moving average price of C$198.10. The company has a debt-to-equity ratio of 35.29, a quick ratio of 0.28 and a current ratio of 0.39. Intact Financial has a fifty-two week low of C$182.01 and a fifty-two week high of C$208.65. The company has a market capitalization of C$35.46 billion, a PE ratio of 27.85, a P/E/G ratio of 2.01 and a beta of 0.56.

Analysts Set New Price Targets

Several analysts have recently weighed in on IFC shares. UBS Group decreased their price target on shares of Intact Financial from C$210.00 to C$207.00 in a research note on Thursday, August 10th. Raymond James cut their price target on shares of Intact Financial from C$224.00 to C$221.00 and set an “outperform” rating on the stock in a report on Tuesday, July 11th. National Bankshares set a C$230.00 price target on shares of Intact Financial and gave the stock an “outperform” rating in a report on Wednesday, September 13th. Scotiabank lifted their price target on shares of Intact Financial from C$222.00 to C$227.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Finally, Desjardins set a C$225.00 price target on shares of Intact Financial and gave the stock a “buy” rating in a report on Wednesday, October 18th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$220.91.

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. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner-occupied residences, and seasonal residences, as well as travel insurance.