Interfor (IFP) to Release Earnings on Thursday

Interfor (TSE:IFP) will be posting its quarterly earnings results after the market closes on Thursday, May 9th.

Interfor (TSE:IFP) last announced its earnings results on Thursday, February 8th. The company reported C($3.29) earnings per share (EPS) for the quarter, missing the consensus estimate of C($1.65) by C($1.64). The company had revenue of C$785.90 million for the quarter. Interfor had a negative net margin of 8.05% and a negative return on equity of 14.20%.

Interfor Stock Up 0.8 %

IFP opened at C$17.95 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 54.21. The stock has a market cap of C$923.53 million, a PE ratio of -3.46 and a beta of 2.61. The business’s fifty day simple moving average is C$19.49 and its 200 day simple moving average is C$20.51. Interfor has a 52 week low of C$16.78 and a 52 week high of C$26.31.

Analyst Upgrades and Downgrades

IFP has been the topic of several research reports. Scotiabank set a C$29.00 price target on shares of Interfor and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. CIBC dropped their price objective on Interfor from C$25.00 to C$24.00 in a research note on Thursday, April 11th. Raymond James cut shares of Interfor from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, April 3rd. Royal Bank of Canada lowered their price target on shares of Interfor from C$30.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, TD Securities raised shares of Interfor from a “hold” rating to a “buy” rating and cut their price target for the stock from C$27.00 to C$25.00 in a report on Monday, February 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$27.17.

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.