FY2024 Earnings Forecast for TSE:CFX Issued By Raymond James

Canfor Pulp Products Inc. (TSE:CFX) – Research analysts at Raymond James lowered their FY2024 earnings estimates for shares of Canfor Pulp Products in a research report issued to clients and investors on Monday, October 21st. Raymond James analyst D. Swetlishoff now expects that the company will earn ($0.33) per share for the year, down from their previous forecast of ($0.24). Raymond James currently has a “Outperform” rating and a $2.75 target price on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share. Raymond James also issued estimates for Canfor Pulp Products’ FY2025 earnings at ($0.18) EPS.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings results on Thursday, July 25th. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.05). Canfor Pulp Products had a negative return on equity of 16.16% and a negative net margin of 6.98%. The business had revenue of C$220.00 million for the quarter, compared to analyst estimates of C$229.00 million.

Several other analysts also recently issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Canfor Pulp Products from C$1.50 to C$1.25 in a report on Thursday, July 11th. CIBC decreased their price objective on shares of Canfor Pulp Products from C$1.75 to C$1.25 in a report on Thursday, July 18th. Finally, Scotiabank decreased 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 report on Tuesday, July 30th. Four equities research 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 presently has an average rating of “Hold” and a consensus price target of C$1.70.

Canfor Pulp Products Stock Performance

Shares of CFX opened at C$0.97 on Thursday. The company’s fifty day moving average is C$0.92 and its 200-day moving average is C$1.17. Canfor Pulp Products has a 12 month low of C$0.80 and a 12 month high of C$2.01. The firm has a market cap of C$63.27 million, a price-to-earnings ratio of -0.80, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The company has a quick ratio of 0.73, a current ratio of 0.90 and a debt-to-equity ratio of 32.11.

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.