Intact Financial (IFC) to Release Earnings on Tuesday
Intact Financial (TSE:IFC) will announce its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of C$1.94 per share for the quarter.
Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, May 7th. The company reported C$0.73 EPS for the quarter, beating the consensus estimate of C$0.57 by C$0.16. The business had revenue of C$2.66 billion for the quarter, compared to analysts’ expectations of C$2.53 billion.
Shares of IFC opened at C$125.60 on Monday. The company’s fifty day simple moving average is C$122.89. The company has a current ratio of 0.28, a quick ratio of 0.21 and a debt-to-equity ratio of 32.96. Intact Financial has a 12 month low of C$95.75 and a 12 month high of C$127.27. The stock has a market cap of $17.48 billion and a P/E ratio of 24.28.
Several analysts have commented on IFC shares. TD Securities cut their target price on Quebecor from C$38.00 to C$37.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. National Bank Financial upgraded STEP Energy Services from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Wednesday, May 8th. CIBC raised their price target on Intact Financial from C$120.00 to C$134.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Morgan Stanley raised their price target on Intact Financial from C$125.00 to C$128.00 in a research note on Thursday, May 30th. Finally, UBS Group raised their price target on Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Intact Financial presently has a consensus rating of “Hold” and a consensus target price of C$126.00.
Intact Financial Company Profile
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.
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