Intact Financial Co. (IFC) Forecasted to Post FY2018 Earnings of $6.29 Per Share

Intact Financial Co. (TSE:IFC) – Cormark decreased their FY2018 earnings per share (EPS) estimates for shares of Intact Financial in a research note issued to investors on Thursday. Cormark analyst M. Grauman now forecasts that the company will post earnings per share of $6.29 for the year, down from their previous forecast of $6.53. Cormark also issued estimates for Intact Financial’s FY2019 earnings at $7.19 EPS.

Several other equities analysts have also issued reports on the stock. Scotiabank decreased their price target on shares of Intact Financial from C$111.00 to C$110.00 and set a “sector perform” rating for the company in a report on Thursday. CIBC cut their price target on shares of Intact Financial from C$111.00 to C$107.00 in a research report on Thursday. National Bank Financial cut their price target on shares of Intact Financial from C$112.00 to C$111.00 and set a “sector perform” rating on the stock in a research report on Wednesday. TD Securities cut their price target on shares of Intact Financial from C$120.00 to C$110.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Barclays boosted their price target on shares of Intact Financial from C$109.00 to C$110.00 in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$107.90.

Shares of Intact Financial (TSE IFC) traded down C$0.86 during mid-day trading on Friday, hitting C$97.09. 82,233 shares of the stock traded hands, compared to its average volume of 218,508. Intact Financial has a one year low of C$91.41 and a one year high of C$109.33. The firm has a market cap of $13,630.00, a price-to-earnings ratio of 17.06 and a beta of 0.28.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported C$1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.57 by C$0.04. Intact Financial had a net margin of 7.86% and a return on equity of 10.89%. The company had revenue of C$2.22 billion during the quarter, compared to analyst estimates of C$2.17 billion. ILLEGAL ACTIVITY WARNING: “Intact Financial Co. (IFC) Forecasted to Post FY2018 Earnings of $6.29 Per Share” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/09/intact-financial-co-ifc-forecasted-to-post-fy2018-earnings-of-6-29-per-share.html.

Intact Financial Company Profile

Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.

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

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