Interfor (IFP) Set to Announce Quarterly Earnings on Thursday

Interfor (TSE:IFP) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th.

Interfor (TSE:IFP) last released its quarterly earnings results on Thursday, February 8th. The company reported C($3.29) EPS for the quarter, missing analysts’ consensus estimates of C($1.65) by C($1.64). Interfor had a negative return on equity of 14.20% and a negative net margin of 8.05%. The company had revenue of C$785.90 million for the quarter.

Interfor Stock Up 3.8 %

IFP stock opened at C$18.14 on Thursday. Interfor has a 52 week low of C$16.78 and a 52 week high of C$26.31. The company has a market capitalization of C$933.30 million, a price-to-earnings ratio of -3.50 and a beta of 2.61. The firm’s 50-day moving average is C$19.62 and its two-hundred day moving average is C$20.48. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 54.21.

Analyst Upgrades and Downgrades

IFP has been the topic of several recent research reports. Scotiabank set a C$29.00 price objective on shares of Interfor and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Royal Bank of Canada lowered their price objective on shares of Interfor from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. BMO Capital Markets lowered their price objective on shares of Interfor from C$29.00 to C$27.00 in a research note on Wednesday, April 17th. TD Securities raised shares of Interfor from a “hold” rating to a “buy” rating and lowered their price objective for the stock from C$27.00 to C$25.00 in a research note on Monday, February 12th. Finally, Raymond James downgraded shares of Interfor from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Interfor presently has a consensus rating of “Moderate Buy” and an average target price of C$27.17.

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.