Scotiabank Has Positive Estimate for Canfor FY2026 Earnings

Canfor Co. (TSE:CFP) – Scotiabank increased their FY2026 EPS estimates for Canfor in a research note issued to investors on Thursday, November 5th. Scotiabank analyst B. Isaacson now expects that the company will post earnings of ($1.22) per share for the year, up from their previous forecast of ($1.28). The consensus estimate for Canfor’s current full-year earnings is $0.40 per share. Scotiabank also issued estimates for Canfor’s FY2027 earnings at $0.77 EPS.

Canfor (TSE:CFP) last posted its quarterly earnings results on Wednesday, November 4th. The company reported C($0.48) earnings per share (EPS) for the quarter. Canfor had a negative return on equity of 23.41% and a negative net margin of 10.44%. The business had revenue of C$1.28 billion during the quarter.

A number of other equities analysts have also recently issued reports on CFP. TD cut their target price on shares of Canfor from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Raymond James Financial raised Canfor from a “moderate buy” rating to a “strong-buy” rating and raised their price target for the stock from C$17.00 to C$21.00 in a report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.50.

Canfor Price Performance

Shares of TSE:CFP opened at C$14.78 on Monday. The company has a market cap of C$1.73 billion, a PE ratio of -3.04 and a beta of 0.80. Canfor has a fifty-two week low of C$10.86 and a fifty-two week high of C$16.59. The firm has a 50-day simple moving average of C$14.98 and a 200 day simple moving average of C$14.09. The company has a quick ratio of 2.14, a current ratio of 1.29 and a debt-to-equity ratio of 43.03.

Insider Activity at Canfor

In related news, Director Cheryl Anne-Marie Yaremko acquired 10,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were acquired at an average price of C$14.01 per share, for a total transaction of C$140,100.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at C$140,100. The trade was a ∞ increase in their ownership of the stock. 53.92% of the stock is owned by corporate insiders.

About Canfor

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.