Raymond James Brokers Reduce Earnings Estimates for Conifex Timber Inc. (TSE:CFF)

Conifex Timber Inc. (TSE:CFFGet Rating) – Equities researchers at Raymond James dropped their Q1 2022 EPS estimates for Conifex Timber in a research note issued on Tuesday, April 26th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn $0.27 per share for the quarter, down from their previous estimate of $0.42. Raymond James currently has a “Outperform” rating and a $3.25 target price on the stock. Raymond James also issued estimates for Conifex Timber’s FY2022 earnings at $0.52 EPS.

Conifex Timber (TSE:CFFGet Rating) last issued its quarterly earnings results on Tuesday, March 8th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.05). The firm had revenue of C$59.90 million during the quarter.

Other analysts also recently issued research reports about the company. CIBC lowered their target price on Conifex Timber from C$2.50 to C$2.25 and set a “neutral” rating on the stock in a research report on Thursday, April 21st. Royal Bank of Canada lowered their price target on Conifex Timber from C$3.00 to C$2.50 in a research report on Thursday, April 7th.

Shares of Conifex Timber stock opened at C$1.85 on Thursday. The company has a debt-to-equity ratio of 45.74, a current ratio of 2.56 and a quick ratio of 0.50. The stock’s 50-day moving average is C$2.01 and its 200-day moving average is C$2.02. The firm has a market cap of C$74.28 million and a price-to-earnings ratio of 3.07. Conifex Timber has a one year low of C$1.55 and a one year high of C$2.85.

About Conifex Timber (Get Rating)

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as by-products or residues, such as trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services.

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