Analysts Set Expectations for Canfor Pulp Products Inc.’s FY2024 Earnings (TSE:CFX)

Canfor Pulp Products Inc. (TSE:CFX) – Equities researchers at Scotiabank issued their FY2024 EPS estimates for shares of Canfor Pulp Products in a report released on Monday, May 6th. Scotiabank analyst forecasts that the company will post earnings per share of ($0.23) for the year. Scotiabank has a “Sector Perform” rating and a $2.00 price target on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share. Scotiabank also issued estimates for Canfor Pulp Products’ FY2025 earnings at ($0.25) EPS.

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

Several other brokerages also recently weighed in on CFX. Raymond James upped their target price on shares of Canfor Pulp Products from C$2.40 to C$2.75 and gave the stock an “outperform” rating in a research note on Friday, April 19th. CIBC decreased their target price on 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. TD Securities cut their price target on Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Finally, Royal Bank of Canada reduced their price target on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a research report on Friday, April 19th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Canfor Pulp Products has an average rating of “Hold” and a consensus price target of C$1.95.

Canfor Pulp Products Price Performance

Shares of TSE:CFX opened at C$1.58 on Wednesday. The firm has a market capitalization of C$103.06 million, a PE ratio of -1.07, a price-to-earnings-growth ratio of -25.62 and a beta of 1.37. Canfor Pulp Products has a 1 year low of C$1.30 and a 1 year high of C$2.48. The company has a debt-to-equity ratio of 32.39, a current ratio of 0.94 and a quick ratio of 0.73. The firm’s 50-day moving average is C$1.59 and its two-hundred day moving average is C$1.65.

Canfor Pulp Products Company Profile

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.