Intact Financial (OTCMKTS:IFCZF) Announces Quarterly Earnings Results, Beats Expectations By $0.46 EPS

by · The Cerbat Gem

Intact Financial (OTCMKTS:IFCZF – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.46, Zacks reports. Intact Financial had a return on equity of 16.77% and a net margin of 11.45%.

Intact Financial Price Performance

IFCZF traded down $2.53 during midday trading on Tuesday, reaching $186.74. 49,214 shares of the company’s stock traded hands, compared to its average volume of 24,378. Intact Financial has a 52 week low of $166.68 and a 52 week high of $226.09. The firm has a fifty day moving average of $182.63 and a two-hundred day moving average of $190.79. The stock has a market capitalization of $32.80 billion and a price-to-earnings ratio of 14.35.

Analyst Ratings Changes

Several brokerages have weighed in on IFCZF. TD Securities reiterated a “buy” rating on shares of Intact Financial in a research report on Wednesday, July 29th. Barclays restated an “overweight” rating on shares of Intact Financial in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Intact Financial in a research note on Friday, July 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Intact Financial in a report on Thursday, July 30th. Finally, Scotiabank reissued an “outperform” rating on shares of Intact Financial in a research report on Wednesday, October 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Intact Financial currently has a consensus rating of “Moderate Buy”.

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Intact Financial Company Profile

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Intact Financial Corporation is a Canada-based provider of property and casualty insurance. Through its subsidiaries and operating brands, the company offers personal, commercial and specialty insurance products covering automobiles, homes, businesses, marine risks and other property and liability exposures.

In Canada, Intact serves customers through broker distribution as well as direct-to-consumer brands, including Intact Insurance and belairdirect. Its operations also include BrokerLink, a network of insurance brokerages, and services supporting claims and property restoration.

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