Intact Financial (IFCZF) Projected to Release Earnings on Tuesday

Intact Financial (OTCMKTS:IFCZF) will likely be issuing its results after the market closes on Tuesday, July 28th. Analysts expect the company to announce earnings of $2.45 per share and revenue of $4.2185 billion for the quarter.

Intact Financial (OTCMKTS:IFCZF) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.24. The business had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.28 billion. Intact Financial had a net margin of 12.02% and a return on equity of 19.25%.

Intact Financial Stock Performance

Intact Financial stock opened at $208.02 on Monday. The company has a fifty day simple moving average of $202.28 and a 200-day simple moving average of $193.09. The stock has a market cap of $36.68 billion and a P/E ratio of 15.31. Intact Financial has a 12-month low of $174.43 and a 12-month high of $226.09.

Wall Street Analysts Forecast Growth

IFCZF has been the topic of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Intact Financial in a research note on Friday. TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Intact Financial in a report on Friday, July 10th. Finally, Barclays reissued an “overweight” rating on shares of Intact Financial in a research report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Intact Financial Company Profile

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.