Intact Financial (IFCZF) Projected to Release Earnings on Tuesday

Intact Financial (OTCMKTS:IFCZF) is anticipated to post its results after the market closes on Tuesday, July 28th. Analysts expect the company to announce earnings of $2.45 per share and revenue of $4.2185 billion for the quarter.

Intact Financial (OTCMKTS:IFCZF) last issued its earnings results on Tuesday, May 5th. The company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. Intact Financial had a return on equity of 19.25% and a net margin of 12.02%.The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.28 billion.

Intact Financial Stock Up 2.5%

Shares of OTCMKTS IFCZF opened at $208.02 on Friday. Intact Financial has a 12 month low of $174.43 and a 12 month high of $226.09. The company has a market cap of $36.68 billion and a price-to-earnings ratio of 15.31. The business has a fifty day simple moving average of $202.28 and a 200-day simple moving average of $193.18.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IFCZF. TD Securities reissued a “buy” rating on shares of Intact Financial in a research note on Wednesday, May 6th. Barclays reiterated an “overweight” rating on shares of Intact Financial in a report on Tuesday, July 7th. Scotiabank reissued an “outperform” rating on shares of Intact Financial in a research report on Friday. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Intact Financial in a research report on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Intact Financial

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.