Intact Financial (IFCZF) Projected to Release Quarterly Earnings on Tuesday

Intact Financial (OTCMKTS:IFCZF) is expected to be issuing its results after the market closes on Tuesday, July 28th. Analysts expect the company to announce earnings of $2.68 per share and revenue of $4.2099 billion for the quarter.

Intact Financial (OTCMKTS:IFCZF) last issued its earnings results on Tuesday, May 5th. The company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.28 billion. Intact Financial had a return on equity of 19.25% and a net margin of 12.02%.

Intact Financial Price Performance

IFCZF opened at $209.93 on Tuesday. The business has a 50 day simple moving average of $200.69 and a 200-day simple moving average of $193.14. The stock has a market capitalization of $37.02 billion and a P/E ratio of 15.45. Intact Financial has a 12 month low of $174.43 and a 12 month high of $226.09.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Intact Financial in a research report on Friday, July 10th. Barclays reiterated an “overweight” rating on shares of Intact Financial in a research note on Tuesday, July 7th. Finally, TD Securities reissued a “buy” rating on shares of Intact Financial in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Intact Financial currently has a consensus rating of “Moderate Buy”.

Intact Financial Company Profile

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.