Interfor (TSE:IFP) Issues Quarterly Earnings Results

Interfor (TSE:IFP) announced its quarterly earnings data on Thursday. The company reported C($0.69) earnings per share for the quarter, FiscalAI reports. Interfor had a negative return on equity of 30.64% and a negative net margin of 13.98%. The firm had revenue of C$832.10 million for the quarter.

Interfor Stock Up 0.1%

Shares of Interfor stock opened at C$14.73 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.96 and a debt-to-equity ratio of 71.48. Interfor has a 12 month low of C$7.05 and a 12 month high of C$15.74. The business has a fifty day simple moving average of C$13.98 and a 200 day simple moving average of C$11.81. The stock has a market cap of C$968.75 million, a PE ratio of -2.19 and a beta of 1.41.

Wall Street Analyst Weigh In

IFP has been the topic of several recent research reports. Raymond James Financial raised shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and raised their target price for the company from C$17.00 to C$21.00 in a research note on Tuesday, September 15th. TD dropped their price target on shares of Interfor from C$16.00 to C$15.00 and set a “hold” rating for the company in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.00.

About Interfor

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.