Interfor (TSE:IFP) Issues Quarterly Earnings Results

Interfor (TSE:IFP) issued its earnings results on Thursday. The company reported C($0.69) earnings per share for the quarter, FiscalAI reports. Interfor had a negative return on equity of 30.64% and a negative net margin of 13.98%. The company had revenue of C$832.10 million during the quarter.

Interfor Stock Performance

IFP stock traded down C$1.21 during trading on Friday, reaching C$13.52. 444,857 shares of the company’s stock were exchanged, compared to its average volume of 274,012. The company has a quick ratio of 1.15, a current ratio of 1.96 and a debt-to-equity ratio of 71.48. Interfor has a 1-year low of C$7.05 and a 1-year high of C$15.74. The company’s fifty day moving average price is C$13.95 and its 200-day moving average price is C$11.83. The firm has a market cap of C$889.17 million, a PE ratio of -2.01 and a beta of 1.41.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IFP shares. TD lowered their price target on shares of Interfor from C$16.00 to C$15.00 and set a “hold” rating for the company in a research report on Wednesday, October 14th. Raymond James Financial raised shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the company from C$17.00 to C$21.00 in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$14.00.

About Interfor

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.