Interfor (TSE:IFP) Announces Quarterly Earnings Results

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

Interfor Price Performance

Shares of Interfor stock traded up C$0.01 on Thursday, hitting C$14.73. 275,033 shares of the company traded hands, compared to its average volume of 273,210. Interfor has a 52 week low of C$7.05 and a 52 week high of C$15.74. The business has a 50-day simple moving average of C$13.98 and a 200 day simple moving average of C$11.81. The company has a debt-to-equity ratio of 71.48, a quick ratio of 1.15 and a current ratio of 1.96. The stock has a market capitalization of C$968.75 million, a P/E ratio of -2.19 and a beta of 1.41.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TD lowered their price objective on Interfor from C$16.00 to C$15.00 and set a “hold” rating on the stock in a research report on Wednesday, October 14th. Raymond James Financial upgraded Interfor from a “moderate buy” rating to a “strong-buy” rating and increased their target price for the stock from C$17.00 to C$21.00 in a research report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.