FY2024 EPS Estimates for Interfor Lowered by Raymond James

Interfor Co. (TSE:IFP - Free Report) - Research analysts at Raymond James cut their FY2024 earnings per share estimates for Interfor in a research report issued to clients and investors on Thursday, November 7th. Raymond James analyst D. Swetlishoff now expects that the company will earn ($5.86) per share for the year, down from their prior forecast of ($5.62). Raymond James currently has a "Strong-Buy" rating and a $30.00 target price on the stock. The consensus estimate for Interfor's current full-year earnings is $2.86 per share.

Interfor (TSE:IFP - Get Free Report) last issued its 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). Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. The firm had revenue of C$771.20 million for the quarter, compared to analyst estimates of C$774.00 million.

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

Interfor Stock Down 2.2 %

TSE IFP traded down C$0.42 on Monday, reaching C$18.85. The company had a trading volume of 35,950 shares, compared to its average volume of 160,035. The stock has a market capitalization of C$969.83 million, a P/E ratio of -2.75 and a beta of 2.54. The company's fifty day moving average is C$19.22 and its 200 day moving average is C$17.99. Interfor has a 52-week low of C$15.35 and a 52-week high of C$26.00. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31.

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.