Q3 2022 Earnings Estimate for Intact Financial Co. (TSE:IFC) Issued By Cormark

Intact Financial Co. (TSE:IFCGet Rating) – Analysts at Cormark raised their Q3 2022 EPS estimates for Intact Financial in a note issued to investors on Tuesday, August 2nd. Cormark analyst L. Persaud now anticipates that the company will post earnings of $3.20 per share for the quarter, up from their previous estimate of $3.00. The consensus estimate for Intact Financial’s current full-year earnings is $12.93 per share. Cormark also issued estimates for Intact Financial’s Q1 2023 earnings at $3.10 EPS, Q3 2023 earnings at $3.23 EPS and Q4 2023 earnings at $3.41 EPS.

Intact Financial (TSE:IFCGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported C$7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.84 by C$4.45. The company had revenue of C$5.34 billion during the quarter.

Other equities research analysts have also recently issued reports about the stock. National Bankshares increased their target price on shares of Intact Financial from C$227.00 to C$230.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Royal Bank of Canada boosted their price objective on Intact Financial from C$216.00 to C$219.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. CIBC raised their price objective on Intact Financial from C$210.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Thursday, May 12th. Scotiabank raised their target price on Intact Financial from C$195.00 to C$210.00 in a report on Tuesday. Finally, TD Securities raised their price target on shares of Intact Financial from C$215.00 to C$220.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$214.21.

Intact Financial Trading Up 0.8 %

Shares of Intact Financial stock opened at C$191.40 on Thursday. The firm’s 50-day moving average price is C$182.92 and its 200 day moving average price is C$181.15. Intact Financial has a twelve month low of C$158.00 and a twelve month high of C$191.56. The firm has a market capitalization of C$33.60 billion and a PE ratio of 13.23. The company has a current ratio of 0.44, a quick ratio of 0.27 and a debt-to-equity ratio of 30.85.

Intact Financial Company Profile

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Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

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

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