Interfor (IFP) to Release Quarterly Earnings on Wednesday

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

Interfor (TSE:IFP) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($1.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$771.20 million for the quarter, compared to analysts’ expectations of C$774.00 million.

Interfor Trading Down 3.1 %

TSE:IFP opened at C$19.56 on Wednesday. The company has a 50 day simple moving average of C$18.72 and a two-hundred day simple moving average of C$17.91. The company has a market cap of C$1.01 billion, a PE ratio of -2.82 and a beta of 2.54. 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 has a 12 month low of C$15.35 and a 12 month high of C$26.00.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada lowered their price target on Interfor from C$27.00 to C$24.00 in a report on Thursday, July 11th. CIBC increased their price objective on shares of Interfor from C$18.00 to C$19.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. TD Securities downgraded 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 research note on Friday, October 18th. Finally, BMO Capital Markets lowered their price target on shares of Interfor from C$27.00 to C$24.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.