Canfor Co. (TSE:CFP – Free Report) – Stock analysts at Scotiabank dropped their Q3 2024 earnings per share (EPS) estimates for Canfor in a research note issued on Tuesday, October 22nd. Scotiabank analyst B. Isaacson now anticipates that the company will earn ($1.10) per share for the quarter, down from their previous forecast of ($0.85). Scotiabank has a “Sector Perform” rating and a $19.00 price target on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.
Canfor (TSE:CFP – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported C($1.42) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.17) by C($1.25). The business had revenue of C$1.38 billion for the quarter, compared to analysts’ expectations of C$1.42 billion. Canfor had a negative return on equity of 9.65% and a negative net margin of 7.39%.
Canfor Stock Up 3.3 %
Shares of CFP opened at C$17.14 on Thursday. The stock’s 50-day moving average price is C$15.80 and its 200-day moving average price is C$15.19. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of -5.09 and a beta of 2.08. Canfor has a 52 week low of C$13.53 and a 52 week high of C$19.30.
About Canfor
Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.
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