Interfor (IFP) Set to Announce Earnings on Wednesday

Interfor (TSE:IFP) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C($1.58) per share for the quarter.

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

Interfor Trading Up 3.8 %

TSE:IFP opened at C$19.92 on Monday. Interfor has a 52 week low of C$15.35 and a 52 week high of C$26.00. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The company has a market cap of C$1.02 billion, a PE ratio of -2.85 and a beta of 2.54. The business’s 50 day moving average is C$18.94 and its two-hundred day moving average is C$17.93.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IFP shares. TD Securities downgraded shares of Interfor from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$21.00 to C$23.00 in a report on Friday, October 18th. Scotiabank lowered their price objective on shares of Interfor from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Royal Bank of Canada cut their target price on shares of Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. Cibc World Mkts downgraded Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, BMO Capital Markets dropped their price objective on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 23rd. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.00.

About Interfor

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.