Q3 2024 EPS Estimates for iA Financial Co. Inc. Reduced by Desjardins (TSE:IAG)

iA Financial Co. Inc. (TSE:IAG) – Investment analysts at Desjardins dropped their Q3 2024 earnings estimates for iA Financial in a report released on Wednesday, October 9th. Desjardins analyst D. Young now expects that the company will post earnings per share of $2.62 for the quarter, down from their previous forecast of $2.66. The consensus estimate for iA Financial’s current full-year earnings is $11.62 per share. Desjardins also issued estimates for iA Financial’s FY2024 earnings at $10.48 EPS.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, beating the consensus estimate of C$2.58 by C$0.17. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. The firm had revenue of C$1.64 billion for the quarter.

IAG has been the topic of a number of other research reports. Scotiabank boosted their target price on shares of iA Financial from C$100.00 to C$110.00 in a research report on Thursday, August 8th. CIBC boosted their target price on shares of iA Financial from C$100.00 to C$106.00 in a research report on Thursday, August 8th. BMO Capital Markets boosted their target price on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. Royal Bank of Canada boosted their target price on shares of iA Financial from C$102.00 to C$105.00 and gave the stock a “moderate buy” rating in a research report on Thursday, August 8th. Finally, TD Securities boosted their target price on shares of iA Financial from C$110.00 to C$114.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, iA Financial currently has an average rating of “Moderate Buy” and an average target price of C$105.25.

iA Financial Trading Up 1.4 %

TSE:IAG opened at C$117.37 on Monday. iA Financial has a 12 month low of C$77.61 and a 12 month high of C$117.61. The company’s 50 day moving average is C$104.21 and its 200-day moving average is C$92.90. The firm has a market cap of C$11.17 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.17, a current ratio of 2.22 and a debt-to-equity ratio of 46.39.

iA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 23rd were paid a $0.82 dividend. The ex-dividend date was Friday, August 23rd. This represents a $3.28 annualized dividend and a dividend yield of 2.79%. iA Financial’s dividend payout ratio is presently 43.91%.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.