FY2024 EPS Estimates for Interfor Reduced by Raymond James

Interfor Co. (TSE:IFP) – Equities researchers at Raymond James decreased their FY2024 earnings per share (EPS) estimates for Interfor in a note issued to investors on Thursday, November 7th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn ($5.86) per share for the year, down from their prior estimate of ($5.62). Raymond James has a “Strong-Buy” rating and a $30.00 price target on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

Other equities analysts have also issued reports about the stock. Cibc World Mkts lowered shares of Interfor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. CIBC upped their price target on Interfor from C$22.00 to C$23.00 in a research note on Friday. TD Securities lowered their price target on Interfor from C$23.00 to C$22.00 in a research report on Friday. BMO Capital Markets cut their price objective on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 23rd. Finally, Scotiabank lowered their target price on Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.50.

Interfor Stock Up 0.6 %

Shares of IFP opened at C$19.27 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The firm has a market cap of C$991.44 million, a P/E ratio of -2.75 and a beta of 2.54. The company’s 50-day moving average price is C$19.22 and its 200 day moving average price is C$17.99. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00.

Interfor (TSE:IFP) last released its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.17) by C($0.30). The business had revenue of C$771.20 million for the quarter, compared to analysts’ expectations of C$774.00 million. Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%.

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.