Canfor (CFP) to Release Earnings on Wednesday

Canfor (TSE:CFPGet Rating) will post its quarterly earnings results before the market opens on Wednesday, May 4th. Analysts expect Canfor to post earnings of C$4.03 per share for the quarter.

Canfor (TSE:CFPGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported C$1.24 earnings per share for the quarter, missing the consensus estimate of C$1.39 by C($0.15). The business had revenue of C$1.57 billion during the quarter.

Shares of TSE CFP opened at C$23.53 on Wednesday. The company has a debt-to-equity ratio of 8.38, a quick ratio of 1.73 and a current ratio of 2.93. The company has a market cap of C$2.93 billion and a PE ratio of 2.19. The business has a 50-day simple moving average of C$26.73 and a two-hundred day simple moving average of C$28.24. Canfor has a fifty-two week low of C$22.16 and a fifty-two week high of C$35.53.

Several equities research analysts have weighed in on the company. Raymond James set a C$55.00 price target on Canfor and gave the stock a “strong-buy” rating in a report on Wednesday, March 2nd. TD Securities decreased their target price on Canfor from C$41.00 to C$37.00 and set a “buy” rating for the company in a report on Thursday, March 3rd. BMO Capital Markets lifted their target price on Canfor from C$36.00 to C$40.00 in a report on Tuesday, January 25th. CIBC decreased their target price on Canfor from C$44.00 to C$36.00 in a report on Thursday, April 21st. Finally, Royal Bank of Canada decreased their target price on Canfor from C$45.00 to C$40.00 in a report on Thursday, April 7th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$42.17.

Canfor Company Profile (Get Rating)

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates through two segments, Lumber, and Pulp and Paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams, and tongue-and-groove timber; and generates green energy.

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Earnings History for Canfor (TSE:CFP)

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