Interfor Corp Forecasted to Post Q3 2019 Earnings of ($0.15) Per Share (TSE:IFP)

Interfor Corp (TSE:IFP) – Equities research analysts at Raymond James raised their Q3 2019 earnings per share (EPS) estimates for Interfor in a research note issued to investors on Wednesday, October 16th. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of ($0.15) per share for the quarter, up from their prior forecast of ($0.16). Raymond James has a “Strong-Buy” rating and a $19.00 price target on the stock. Raymond James also issued estimates for Interfor’s FY2019 earnings at ($0.39) EPS.

Interfor (TSE:IFP) last released its quarterly earnings results on Thursday, August 8th. The company reported C($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.25) by C$0.01. The company had revenue of C$481.35 million for the quarter.

Several other brokerages have also recently issued reports on IFP. CIBC reduced their price objective on Interfor from C$16.00 to C$15.00 in a research note on Friday, October 11th. Royal Bank of Canada reduced their price objective on Interfor from C$21.00 to C$18.00 in a research note on Tuesday, July 9th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$18.00.

Shares of IFP opened at C$14.69 on Monday. The business’s fifty day moving average price is C$13.64 and its 200 day moving average price is C$13.47. Interfor has a 12-month low of C$10.91 and a 12-month high of C$18.42. The stock has a market capitalization of $978.53 million and a PE ratio of -89.57. The company has a debt-to-equity ratio of 33.41, a current ratio of 2.62 and a quick ratio of 1.12.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers wooden products for appearance timbers, decking, fascia and trims, framings, furniture, industrial packaging, Japan zairai, millworks, paneling, sidings, trusses, and windows and doors.

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