What is Raymond James' Estimate for TSE:IFC FY2024 Earnings?

Intact Financial Co. (TSE:IFC - Free Report) - Equities researchers at Raymond James lowered their FY2024 earnings per share estimates for shares of Intact Financial in a research report issued on Tuesday, January 28th. Raymond James analyst S. Boland now expects that the company will post earnings per share of $13.54 for the year, down from their previous estimate of $14.31. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share. Raymond James also issued estimates for Intact Financial's Q4 2024 earnings at $4.25 EPS, Q1 2025 earnings at $4.02 EPS, Q2 2025 earnings at $4.36 EPS, Q3 2025 earnings at $4.15 EPS, Q4 2025 earnings at $4.26 EPS and FY2025 earnings at $16.79 EPS.

Intact Financial (TSE:IFC - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$1.01 EPS for the quarter, topping analysts' consensus estimates of C$0.29 by C$0.72. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. During the same quarter in the prior year, the company posted $2.10 earnings per share.

A number of other brokerages have also issued reports on IFC. Scotiabank increased their target price on shares of Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. TD Securities raised their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday, November 6th. Cibc World Mkts downgraded Intact Financial from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 29th. National Bankshares lifted their price target on Intact Financial from C$294.00 to C$296.00 in a research report on Wednesday, November 6th. Finally, BMO Capital Markets upped their price objective on Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Intact Financial presently has an average rating of "Moderate Buy" and an average target price of C$274.90.

Intact Financial Stock Performance

TSE IFC traded down C$0.37 on Friday, hitting C$262.03. The stock had a trading volume of 226,074 shares, compared to its average volume of 215,499. The company's 50-day moving average is C$261.47 and its two-hundred day moving average is C$258.59. The stock has a market cap of C$46.74 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. Intact Financial has a one year low of C$206.57 and a one year high of C$275.84.

Insider Buying and Selling at Intact Financial

In other news, Senior Officer Frédéric Cotnoir sold 450 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$266.73, for a total value of C$120,028.50. Also, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total transaction of C$504,125.00. Insiders sold 8,865 shares of company stock worth $2,385,573 over the last ninety days. 0.24% of the stock is currently owned by insiders.

About Intact Financial

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. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.