Analysts Offer Predictions for Canfor Co.’s Q1 2021 Earnings (TSE:CFP)


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Canfor Co. (TSE:CFP) – Equities researchers at Raymond James upped their Q1 2021 earnings estimates for Canfor in a research report issued on Wednesday, April 7th. Raymond James analyst D. Swetlishoff now expects that the company will post earnings per share of $3.40 for the quarter, up from their prior estimate of $2.30. Raymond James currently has a “Outperform” rating and a $46.00 price objective on the stock. Raymond James also issued estimates for Canfor’s Q2 2021 earnings at $3.48 EPS, Q3 2021 earnings at $0.87 EPS, Q4 2021 earnings at $0.99 EPS and FY2021 earnings at $8.73 EPS.

Canfor (TSE:CFP) last posted its quarterly earnings data on Wednesday, February 24th. The company reported C$2.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.79 by C$0.27. The firm had revenue of C$1.62 billion for the quarter.

CFP has been the topic of several other reports. TD Securities lifted their price objective on Canfor from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday, February 26th. CIBC boosted their price target on Canfor from C$35.00 to C$41.00 in a research report on Tuesday. Finally, Scotiabank boosted their price target on Canfor from C$33.00 to C$37.00 in a research report on Wednesday, April 7th.

Canfor stock opened at C$29.97 on Monday. The stock’s 50 day simple moving average is C$26.55 and its two-hundred day simple moving average is C$22.10. The company has a debt-to-equity ratio of 29.38, a quick ratio of 1.00 and a current ratio of 2.11. The stock has a market cap of C$3.75 billion and a price-to-earnings ratio of 6.89. Canfor has a fifty-two week low of C$7.25 and a fifty-two week high of C$31.05.

About Canfor

Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells finger-jointed lumber, higher-grade MSR lumber, premium one-inch boards, engineered wood products, wood chips, wood pellets, logs, strength-rated trusses, beams, and tongue-and-groove timber, as well as generates green energy.

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