Canfor (CFP) to Release Earnings on Thursday

Canfor (TSE:CFP) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd.

Canfor (TSE:CFP) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.94) by C($0.12). Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. The business had revenue of C$1.28 billion for the quarter.

Canfor Price Performance

CFP stock opened at C$14.24 on Thursday. The company has a quick ratio of 2.14, a current ratio of 2.49 and a debt-to-equity ratio of 9.34. Canfor has a 52-week low of C$13.41 and a 52-week high of C$23.99. The stock’s 50 day moving average is C$16.17 and its two-hundred day moving average is C$16.31. The company has a market capitalization of C$1.69 billion, a PE ratio of -5.25 and a beta of 2.16.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CFP shares. Royal Bank of Canada lowered their price target on Canfor from C$22.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Raymond James downgraded Canfor from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from C$25.00 to C$23.00 in a report on Tuesday, February 6th. TD Securities lowered their price target on Canfor from C$25.00 to C$22.00 and set a “buy” rating for the company in a report on Thursday, March 7th. CIBC lowered their price target on Canfor from C$23.00 to C$22.00 in a report on Thursday, April 11th. Finally, BMO Capital Markets lowered their price target on Canfor from C$24.00 to C$22.00 in a report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.67.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.