Intertape Polymer Group (TSE:ITP) – National Bank Financial issued their FY2018 EPS estimates for shares of Intertape Polymer Group in a report issued on Sunday, December 2nd. National Bank Financial analyst L. Aghazarian anticipates that the company will earn $1.42 per share for the year. National Bank Financial currently has a “Outperform” rating and a $23.00 target price on the stock. National Bank Financial also issued estimates for Intertape Polymer Group’s Q4 2018 earnings at $0.39 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.48 EPS, FY2019 earnings at $1.65 EPS and FY2020 earnings at $1.89 EPS.
ITP has been the topic of a number of other reports. Royal Bank of Canada increased their price target on shares of Intertape Polymer Group from C$18.00 to C$20.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 15th. TD Securities reissued a “buy” rating and set a C$23.00 price target on shares of Intertape Polymer Group in a report on Monday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Intertape Polymer Group has a consensus rating of “Buy” and a consensus target price of C$21.67.
Shares of TSE ITP opened at C$17.48 on Wednesday. Intertape Polymer Group has a 1 year low of C$16.42 and a 1 year high of C$22.84. The company has a quick ratio of 1.04, a current ratio of 2.44 and a debt-to-equity ratio of 190.17.
Intertape Polymer Group (TSE:ITP) last released its quarterly earnings data on Thursday, November 8th. The company reported C$0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.29 by C$0.12. The business had revenue of C$364.71 million during the quarter, compared to analyst estimates of C$354.82 million.
In related news, insider Douglas Nalette sold 50,000 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of C$18.03, for a total transaction of C$901,500.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 13th. Intertape Polymer Group’s dividend payout ratio (DPR) is presently 55.39%.
About Intertape Polymer Group
Intertape Polymer Group Inc, together with its subsidiaries, operates in the packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics, and complementary packaging systems for industrial and retail use.
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