Raymond James Has Weak Estimate for Interfor FY2024 Earnings

Interfor Co. (TSE:IFP - Free Report) - Research analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for shares of Interfor in a note issued to investors on Monday, October 21st. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of ($5.62) per share for the year, down from their prior forecast of ($5.41). Raymond James currently has a "Strong-Buy" rating and a $30.00 price objective on the stock. The consensus estimate for Interfor's current full-year earnings is $2.86 per share. Raymond James also issued estimates for Interfor's FY2025 earnings at $0.02 EPS.

A number of other brokerages also recently issued reports on IFP. CIBC boosted their price objective on Interfor from C$18.00 to C$19.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Royal Bank of Canada lowered their price target on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. BMO Capital Markets lowered their price target 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. Scotiabank lowered their price target on Interfor from C$26.00 to C$24.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. Finally, Cibc World Mkts cut Interfor from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$24.00.

Interfor Stock Performance

Shares of TSE:IFP traded up C$0.42 during mid-day trading on Thursday, reaching C$20.03. 120,202 shares of the company traded hands, compared to its average volume of 163,103. The company's 50 day moving average price is C$18.55 and its 200-day moving average price is C$17.88. The firm has a market cap of C$1.03 billion, a PE ratio of -2.80 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. Interfor has a 52 week low of C$15.35 and a 52 week high of C$26.00.

Interfor (TSE:IFP - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($1.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($1.17) by C($0.30). The company had revenue of C$771.20 million for the quarter, compared to the consensus estimate of C$774.00 million. Interfor had a negative net margin of 11.26% and a negative return on equity of 20.18%.

About Interfor

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.