Raymond James Predicts Interfor’s FY2024 Earnings (TSE:IFP)

Interfor Co. (TSE:IFP) – Equities research analysts at Raymond James decreased their FY2024 EPS estimates for shares of Interfor in a research note issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now expects that the company will earn ($5.62) per share for the year, down from their previous estimate of ($5.41). 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. Raymond James also issued estimates for Interfor’s FY2025 earnings at $0.02 EPS.

IFP has been the topic of several other research reports. Cibc World Mkts downgraded Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. CIBC lifted their target price on Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Royal Bank of Canada cut their price target on shares of Interfor from C$27.00 to C$24.00 in a research note on Thursday, July 11th. TD Securities cut Interfor from a “buy” rating to a “hold” rating and increased their price target for the company from C$21.00 to C$23.00 in a research note on Friday, October 18th. Finally, Scotiabank reduced their price objective on Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Monday, August 12th. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.00.

Interfor Stock Performance

IFP stock opened at C$20.03 on Thursday. The business’s fifty day moving average is C$18.60 and its 200-day moving average is C$17.89. The company has a market cap of C$1.03 billion, a P/E ratio of -2.86 and a beta of 2.54. 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 has a twelve month low of C$15.35 and a twelve month high of C$26.00.

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

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.