Canfor Pulp Products (CFX) Scheduled to Post Quarterly Earnings on Thursday

Canfor Pulp Products (TSE:CFX) is scheduled to announce its earnings results before the market opens on Thursday, May 2nd.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.33) by C$0.13. Canfor Pulp Products had a negative net margin of 10.98% and a negative return on equity of 25.14%. The company had revenue of C$193.90 million during the quarter.

Canfor Pulp Products Price Performance

Shares of Canfor Pulp Products stock opened at C$1.55 on Thursday. Canfor Pulp Products has a 52-week low of C$1.30 and a 52-week high of C$2.48. The stock has a market capitalization of C$101.11 million, a price-to-earnings ratio of -1.05, a price-to-earnings-growth ratio of -25.62 and a beta of 1.37. The company has a fifty day moving average of C$1.60 and a 200-day moving average of C$1.68. The company has a debt-to-equity ratio of 32.39, a quick ratio of 0.73 and a current ratio of 0.94.

Analysts Set New Price Targets

CFX has been the subject of a number of research reports. TD Securities cut their price objective on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Royal Bank of Canada cut their price objective on shares of Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a research note on Friday, April 19th. Scotiabank set a C$2.00 price target on shares of Canfor Pulp Products and gave the company a “sector perform” rating in a report on Monday, January 22nd. Raymond James upped their price target on shares of Canfor Pulp Products from C$2.40 to C$2.75 and gave the company an “outperform” rating in a report on Friday, April 19th. Finally, CIBC lowered their price target on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “neutral” rating for the company in a report on Friday, March 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$1.95.

About Canfor Pulp Products

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. It operates in two segments, Pulp and Paper. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and colored kraft papers.