Intact Financial (OTCMKTS:IFCZF) Announces Quarterly Earnings Results, Beats Expectations By $0.46 EPS

Intact Financial (OTCMKTS:IFCZF) posted its earnings results on Tuesday. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.14 by $0.46, Zacks reports. Intact Financial had a return on equity of 16.77% and a net margin of 11.45%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.30 billion.

Intact Financial Trading Up 7.6%

IFCZF traded up $14.14 on Wednesday, hitting $200.88. The company had a trading volume of 9 shares, compared to its average volume of 24,494. The firm has a market cap of $35.28 billion and a P/E ratio of 15.44. Intact Financial has a 1 year low of $166.68 and a 1 year high of $226.09. The company’s fifty day moving average price is $182.63 and its 200 day moving average price is $190.79.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a research note on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Intact Financial in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Intact Financial in a research note on Friday, July 10th. Scotiabank reissued an “outperform” rating on shares of Intact Financial in a report on Wednesday, October 7th. Finally, TD Securities restated a “buy” rating on shares of Intact Financial in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Intact Financial presently has an average rating of “Moderate Buy”.

About Intact Financial

Intact Financial Corporation is a Canada-based provider of property and casualty insurance. Through its subsidiaries and operating brands, the company offers personal, commercial and specialty insurance products covering automobiles, homes, businesses, marine risks and other property and liability exposures.

In Canada, Intact serves customers through broker distribution as well as direct-to-consumer brands, including Intact Insurance and belairdirect. Its operations also include BrokerLink, a network of insurance brokerages, and services supporting claims and property restoration.