Intertape Polymer Group (ITP) to Release Quarterly Earnings on Monday

Intertape Polymer Group (TSE:ITP) will be announcing its earnings results before the market opens on Monday, November 11th. Analysts expect the company to announce earnings of C$0.34 per share for the quarter.

Intertape Polymer Group (TSE:ITP) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.25 by C$0.04. The firm had revenue of C$395.43 million for the quarter, compared to the consensus estimate of C$395.37 million.

Shares of ITP stock traded down C$0.20 during trading hours on Friday, hitting C$17.07. 204,700 shares of the company were exchanged, compared to its average volume of 143,542. The firm has a market cap of $1.02 billion and a P/E ratio of 27.10. Intertape Polymer Group has a fifty-two week low of C$14.60 and a fifty-two week high of C$19.97. The company has a debt-to-equity ratio of 220.25, a quick ratio of 1.05 and a current ratio of 2.52. The company has a 50 day simple moving average of C$16.93 and a two-hundred day simple moving average of C$18.02.

Several analysts have recently commented on the stock. Cormark reduced their price objective on shares of Intertape Polymer Group from C$23.00 to C$21.50 in a research report on Friday, August 9th. National Bank Financial raised their price objective on shares of Intertape Polymer Group from C$21.50 to C$22.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th.

In related news, Director James Pantelidis acquired 5,000 shares of Intertape Polymer Group stock in a transaction dated Tuesday, September 17th. The stock was bought at an average price of C$17.40 per share, with a total value of C$87,000.00. Following the transaction, the director now directly owns 31,500 shares in the company, valued at approximately C$548,100.

Intertape Polymer Group Company Profile

Intertape Polymer Group Inc, together with its subsidiaries, operates in the packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper-and-film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, protective packaging and engineered coated products, and complementary packaging systems for industrial and retail use.

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Earnings History for Intertape Polymer Group (TSE:ITP)

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