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

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

Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings results 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 net margin of 10.98% and a negative return on equity of 25.14%. The business had revenue of C$193.90 million during the quarter.

Canfor Pulp Products Price Performance

Shares of CFX 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 cap of C$101.11 million, a PE ratio of -1.05, a PEG ratio of -25.62 and a beta of 1.37. The company has a debt-to-equity ratio of 32.39, a quick ratio of 0.73 and a current ratio of 0.94. The firm’s 50 day moving average price is C$1.60 and its two-hundred day moving average price is C$1.68.

Analysts Set New Price Targets

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

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.