What is Scotiabank’s Forecast for Interfor Q3 Earnings?

Interfor Co. (TSE:IFP) – Equities researchers at Scotiabank issued their Q3 2024 earnings per share (EPS) estimates for shares of Interfor in a research report issued on Monday, October 21st. Scotiabank analyst B. Isaacson expects that the company will post earnings of ($1.58) per share for the quarter. Scotiabank has a “Outperform” rating and a $24.00 price target on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

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 analysts’ consensus estimates of C($1.17) by C($0.30). The business had revenue of C$771.20 million during the quarter, compared to the consensus estimate of C$774.00 million. Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%.

IFP has been the subject of a number of other research reports. Cibc World Mkts lowered Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Royal Bank of Canada lowered their price objective on Interfor from C$27.00 to C$24.00 in a research report on Thursday, July 11th. BMO Capital Markets cut their target price 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. TD Securities lowered shares of Interfor from a “buy” rating to a “hold” rating and upped their price target for the company from C$21.00 to C$23.00 in a report on Friday, October 18th. Finally, Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from C$26.00 to C$30.00 in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Stock Performance

TSE IFP opened at C$20.33 on Wednesday. The company has a 50-day simple moving average of C$18.51 and a two-hundred day simple moving average of C$17.89. Interfor has a 12-month low of C$15.35 and a 12-month high of C$26.00. The firm has a market cap of C$1.05 billion, a price-to-earnings ratio of -2.90 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31.

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.