Interfor (IFP) Set to Announce Quarterly Earnings on Thursday

Interfor (TSE:IFP) is set to announce its earnings results after the market closes on Thursday, May 9th.

Interfor (TSE:IFP) last posted its quarterly earnings results on Thursday, February 8th. The company reported C($3.29) EPS for the quarter, missing the consensus estimate of C($1.65) by C($1.64). Interfor had a negative net margin of 8.05% and a negative return on equity of 14.20%. The company had revenue of C$785.90 million for the quarter.

Interfor Trading Down 0.6 %

Interfor stock opened at C$17.80 on Tuesday. The company’s fifty day simple moving average is C$19.53 and its 200-day simple moving average is C$20.51. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 54.21. Interfor has a 12 month low of C$16.78 and a 12 month high of C$26.31. The stock has a market cap of C$915.81 million, a P/E ratio of -3.43 and a beta of 2.61.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Raymond James cut shares of Interfor from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, April 3rd. TD Securities upgraded shares of Interfor from a “hold” rating to a “buy” rating and decreased their price objective for the stock from C$27.00 to C$25.00 in a report on Monday, February 12th. Scotiabank set a C$29.00 price objective on shares of Interfor and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Royal Bank of Canada decreased their price objective on shares of Interfor from C$30.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, CIBC decreased their price objective on shares of Interfor from C$25.00 to C$24.00 in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$27.17.

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.