FY2024 EPS Estimates for Interfor Lifted by Raymond James

Interfor Co. (TSE:IFP) – Equities research analysts at Raymond James lifted their FY2024 EPS estimates for shares of Interfor in a report issued on Monday, January 20th. Raymond James analyst D. Swetlishoff now expects that the company will post earnings per share of ($5.49) for the year, up from their prior forecast of ($5.86). Raymond James currently has a “Strong-Buy” rating and a $26.00 target price on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share. Raymond James also issued estimates for Interfor’s FY2025 earnings at ($0.92) EPS and FY2026 earnings at $3.16 EPS.

IFP has been the subject of a number of other research reports. CIBC cut their price objective on shares of Interfor from C$23.00 to C$22.00 in a research report on Wednesday, January 15th. TD Securities cut their price target on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada decreased their price objective on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Interfor has an average rating of “Moderate Buy” and an average target price of C$24.00.

Interfor Trading Down 0.2 %

Shares of IFP stock opened at C$18.02 on Wednesday. Interfor has a twelve month low of C$15.35 and a twelve month high of C$22.38. The company has a market capitalization of C$927.13 million, a price-to-earnings ratio of -2.57 and a beta of 2.54. The firm has a 50-day moving average price of C$18.26 and a 200 day moving average price of C$18.15. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31.

Interfor (TSE:IFP) last released its quarterly earnings results on Wednesday, November 6th. The company reported C($2.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($1.58) by C($0.47). Interfor had a negative return on equity of 20.18% and a negative net margin of 11.26%. During the same period last year, the firm earned ($0.82) earnings per share.

Insider Buying and Selling at Interfor

In other news, Director Ian Fillinger acquired 5,490 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of C$18.48 per share, for a total transaction of C$101,433.24. 0.94% of the stock is owned by company insiders.

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.