FY2019 EPS Estimates for Imaflex Inc. Cut by Analyst (CVE:IFX)

Imaflex Inc. (CVE:IFX) – Equities researchers at Beacon Securities dropped their FY2019 earnings per share estimates for shares of Imaflex in a research report issued to clients and investors on Tuesday, August 27th, according to Zacks Investment Research. Beacon Securities analyst A. Shaath now anticipates that the company will post earnings of $0.03 per share for the year, down from their prior estimate of $0.04.

IFX opened at C$0.52 on Friday. The company has a market cap of $26.01 million and a P/E ratio of 13.68. The business’s 50-day moving average price is C$0.60 and its 200-day moving average price is C$0.65. The company has a current ratio of 1.69, a quick ratio of 0.84 and a debt-to-equity ratio of 54.66. Imaflex has a 12 month low of C$0.47 and a 12 month high of C$0.90.

Imaflex Company Profile

Imaflex Inc, together with its subsidiary, develops, manufactures, and sells flexible packaging materials for consumer, industrial, and agriculture markets in Canada, the United States, and internationally. The company offers agricultural films, including mulch and barrier, compostable, UV-reflective, and intelligent active ingredient films; converter films; industrial products, such as garbage, compostable, and Gaylord bags, as well as bags on roll products; and metalized pest repellency films.

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