FY2024 Earnings Forecast for TSE:CFX Issued By Raymond James

Canfor Pulp Products Inc. (TSE:CFX) – Raymond James boosted their FY2024 EPS estimates for shares of Canfor Pulp Products in a research report issued to clients and investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings per share of ($0.18) for the year, up from their previous estimate of ($0.29). The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

Canfor Pulp Products (TSE:CFX) last released its earnings results on Friday, October 25th. The company reported C($0.03) EPS for the quarter, beating the consensus estimate of C($0.10) by C$0.07. Canfor Pulp Products had a negative net margin of 6.98% and a negative return on equity of 16.16%. During the same quarter last year, the company posted ($0.55) EPS.

Separately, Royal Bank of Canada reduced their price target on Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating on the stock in a research report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$1.65.

Canfor Pulp Products Price Performance

CFX opened at C$0.81 on Wednesday. Canfor Pulp Products has a 12 month low of C$0.67 and a 12 month high of C$1.83. The company has a current ratio of 0.90, a quick ratio of 0.73 and a debt-to-equity ratio of 32.11. The business’s 50-day moving average price is C$0.83 and its 200-day moving average price is C$0.90. The company has a market cap of C$52.84 million, a P/E ratio of -0.66, a P/E/G ratio of -25.62 and a beta of 1.33.

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.