Canfor (CFP) Scheduled to Post Quarterly Earnings on Thursday

Canfor (TSE:CFP) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd.

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

Canfor Stock Up 0.1 %

CFP opened at C$14.25 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 2.49 and a debt-to-equity ratio of 9.34. The firm has a 50 day moving average price of C$16.05 and a 200-day moving average price of C$16.30. Canfor has a twelve month low of C$13.41 and a twelve month high of C$23.99. The stock has a market capitalization of C$1.69 billion, a price-to-earnings ratio of -5.26 and a beta of 2.16.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CFP shares. Scotiabank set a C$22.00 price objective on shares of Canfor and gave the company a “sector perform” rating in a report on Monday, January 22nd. Raymond James lowered shares of Canfor from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from C$25.00 to C$23.00 in a research report on Tuesday, February 6th. TD Securities cut their target price on shares of Canfor from C$25.00 to C$22.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. CIBC cut their target price on shares of Canfor from C$23.00 to C$22.00 in a research report on Thursday, April 11th. Finally, Royal Bank of Canada cut their target price on shares of Canfor from C$22.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.