Conifex Timber Inc. (TSE:CFF) to Post FY2024 Earnings of ($0.69) Per Share, Raymond James Forecasts

Conifex Timber Inc. (TSE:CFF) – Equities research analysts at Raymond James cut their FY2024 earnings per share estimates for shares of Conifex Timber in a report released on Wednesday, August 14th. Raymond James analyst D. Swetlishoff now anticipates that the company will earn ($0.69) per share for the year, down from their prior forecast of ($0.55). Raymond James has a “Outperform” rating and a $0.85 price target on the stock. The consensus estimate for Conifex Timber’s current full-year earnings is $0.03 per share. Raymond James also issued estimates for Conifex Timber’s FY2025 earnings at ($0.20) EPS.

Conifex Timber Price Performance

Shares of CFF opened at C$0.36 on Friday. The company has a market cap of C$14.55 million, a P/E ratio of -0.53, a PEG ratio of 0.06 and a beta of 1.43. The stock has a fifty day moving average price of C$0.39 and a 200 day moving average price of C$0.56. The company has a debt-to-equity ratio of 55.61, a current ratio of 1.31 and a quick ratio of 0.91. Conifex Timber has a 12 month low of C$0.21 and a 12 month high of C$1.27.

Conifex Timber Company Profile

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as residual products, such as wood chips, trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services.