Raymond James Estimates Interfor’s FY2024 Earnings (TSE:IFP)

Interfor Co. (TSE:IFP) – Equities researchers at Raymond James decreased their FY2024 earnings per share (EPS) estimates for Interfor in a research note issued to investors on Thursday, November 7th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn ($5.86) per share for the year, down from their previous forecast of ($5.62). Raymond James has a “Strong-Buy” rating and a $30.00 price target on the stock. The consensus estimate for Interfor’s current full-year earnings is $2.86 per share.

Several other equities research analysts have also commented on IFP. Cibc World Mkts lowered shares of Interfor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. BMO Capital Markets cut their target price on Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, July 23rd. Scotiabank decreased their target price on 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. CIBC lifted their price target on Interfor from C$22.00 to C$23.00 in a research report on Friday. Finally, TD Securities reduced their price objective on Interfor from C$23.00 to C$22.00 in a research note on Friday. 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$24.50.

Interfor Stock Up 0.6 %

IFP stock opened at C$19.27 on Monday. The company’s 50 day moving average is C$19.22 and its two-hundred day moving average is C$17.99. Interfor has a twelve month low of C$15.35 and a twelve month high of C$26.00. The company has a current ratio of 2.02, a quick ratio of 1.15 and a debt-to-equity ratio of 62.31. The stock has a market cap of C$991.44 million, a P/E ratio of -2.75 and a beta of 2.54.

Interfor (TSE:IFP) last posted its earnings results 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 return on equity of 20.18% and a negative net margin of 11.26%. The business had revenue of C$771.20 million for the quarter, compared to analysts’ expectations of C$774.00 million.

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.