What is Cormark's Forecast for TSE:IFC Q3 Earnings?

Intact Financial Co. (TSE:IFC - Free Report) - Equities researchers at Cormark issued their Q3 2024 earnings per share (EPS) estimates for shares of Intact Financial in a note issued to investors on Wednesday, October 30th. Cormark analyst L. Persaud forecasts that the company will post earnings of $0.13 per share for the quarter. Cormark currently has a "Buy" rating and a $260.00 price target on the stock. The consensus estimate for Intact Financial's current full-year earnings is $16.17 per share. Cormark also issued estimates for Intact Financial's FY2024 earnings at $13.04 EPS and FY2025 earnings at $16.20 EPS.

Other equities research analysts also recently issued reports about the stock. Scotiabank dropped their price objective on shares of Intact Financial from C$272.00 to C$263.00 and set an "outperform" rating on the stock in a research report on Thursday, August 22nd. BMO Capital Markets increased their target price on Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. CIBC lifted their price target on Intact Financial from C$250.00 to C$270.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. National Bankshares increased their price objective on Intact Financial from C$280.00 to C$294.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Raymond James cut their target price on Intact Financial from C$269.00 to C$264.00 in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$267.90.

Intact Financial Stock Up 1.2 %

Shares of IFC stock traded up C$3.26 during trading hours on Friday, reaching C$269.16. 230,974 shares of the stock were exchanged, compared to its average volume of 287,398. Intact Financial has a 12-month low of C$196.27 and a 12-month high of C$271.81. The business's fifty day moving average is C$258.93 and its two-hundred day moving average is C$242.02. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The firm has a market capitalization of C$48.01 billion, a P/E ratio of 23.69, a P/E/G ratio of 2.01 and a beta of 0.57.

Intact Financial (TSE:IFC - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, topping the consensus estimate of C$3.61 by C$1.25. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. The firm had revenue of C$7.07 billion during the quarter, compared to analysts' expectations of C$7.64 billion.

Insider Activity

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of the firm's stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total transaction of C$507,759.00. Corporate insiders own 0.24% of the company's stock.

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.