Q1 2018 Earnings Estimate for Intact Financial Co. Issued By Cormark (TSE:IFC)

Intact Financial Co. (TSE:IFC) – Investment analysts at Cormark lowered their Q1 2018 earnings estimates for Intact Financial in a research note issued on Thursday. Cormark analyst M. Grauman now forecasts that the company will post earnings per share of $1.09 for the quarter, down from their prior estimate of $1.43. Cormark also issued estimates for Intact Financial’s Q2 2018 earnings at $2.16 EPS, Q4 2018 earnings at $2.14 EPS, FY2018 earnings at $7.37 EPS and FY2019 earnings at $7.78 EPS.

ILLEGAL ACTIVITY NOTICE: This report was published by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.themarketsdaily.com/2017/08/08/q1-2018-earnings-estimate-for-intact-financial-co-issued-by-cormark-tseifc.html.

A number of other equities research analysts have also recently issued reports on the stock. Desjardins reiterated a “hold” rating on shares of Intact Financial in a research report on Thursday, May 11th. Barclays PLC reiterated an “overweight” rating and set a C$100.00 target price on shares of Intact Financial in a research report on Thursday, May 11th. Scotiabank reiterated an “outperform” rating and set a C$105.00 target price on shares of Intact Financial in a research report on Tuesday, July 4th. TD Securities dropped their target price on shares of Intact Financial from C$105.00 to C$97.00 and set a “buy” rating for the company in a research report on Friday, May 12th. Finally, Raymond James Financial, Inc. dropped their target price on shares of Intact Financial from C$102.00 to C$98.00 and set a “market perform” rating for the company in a research report on Monday, May 15th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Intact Financial currently has a consensus rating of “Hold” and a consensus target price of C$102.20.

Intact Financial (IFC) traded up 0.12% on Monday, reaching $98.86. 19,672 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.95 billion and a price-to-earnings ratio of 19.45. Intact Financial has a 12 month low of $90.00 and a 12 month high of $98.99. The firm has a 50-day moving average of $96.06 and a 200-day moving average of $94.71.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Intact Financial’s previous quarterly dividend of $0.53.

In related news, insider Lucie Martel acquired 3,215 shares of the stock in a transaction on Friday, May 26th. The stock was purchased at an average price of C$93.42 per share, for a total transaction of C$300,345.30.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada. It primarily underwrites automobile, home, and commercial property and casualty insurance contracts. The company distributes its services through a network of independent insurance brokers, as well as sells directly to consumers through call centers and the Internet.

Earnings History and Estimates for Intact Financial (TSE:IFC)

Receive News & Ratings for Intact Financial Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply