FY2023 Earnings Estimate for Conifex Timber Inc. Issued By Raymond James (TSE:CFF)

Conifex Timber Inc. (TSE:CFF – Get Rating) – Investment analysts at Raymond James lowered their FY2023 earnings per share (EPS) estimates for shares of Conifex Timber in a research report issued to clients and investors on Wednesday, May 10th. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings per share of ($0.31) for the year, down from their previous estimate of ($0.21). The consensus estimate for Conifex Timber’s current full-year earnings is $0.16 per share.

Separately, CIBC dropped their price target on shares of Conifex Timber from C$1.50 to C$1.25 in a research note on Thursday, April 20th.

Conifex Timber Trading Up 0.7 %

CFF opened at C$1.40 on Monday. The firm has a market capitalization of C$55.65 million, a P/E ratio of 2.22, a P/E/G ratio of 0.06 and a beta of 1.59. The firm’s 50 day moving average is C$1.52 and its 200-day moving average is C$1.59. The company has a quick ratio of 0.91, a current ratio of 2.73 and a debt-to-equity ratio of 42.94. Conifex Timber has a 52-week low of C$1.36 and a 52-week high of C$2.19.

Conifex Timber Company Profile

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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.