FY2024 EPS Estimates for Conifex Timber Boosted by Analyst

Conifex Timber Inc. (TSE:CFF) – Equities research analysts at Raymond James increased their FY2024 earnings per share estimates for shares of Conifex Timber in a research note issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of ($0.67) per share for the year, up from their prior forecast of ($0.69). 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 ($0.34) EPS.

Conifex Timber (TSE:CFF) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.22) earnings per share (EPS) for the quarter. Conifex Timber had a negative net margin of 18.88% and a negative return on equity of 23.85%. The firm had revenue of C$31.80 million during the quarter.

Conifex Timber Price Performance

CFF stock opened at C$0.53 on Thursday. The company has a debt-to-equity ratio of 73.11, a quick ratio of 0.91 and a current ratio of 1.85. Conifex Timber has a 52-week low of C$0.21 and a 52-week high of C$1.14. The company has a market capitalization of C$21.61 million, a P/E ratio of -0.77, a PEG ratio of 0.06 and a beta of 1.42. The company has a fifty day moving average price of C$0.42 and a 200-day moving average price of C$0.46.

About Conifex Timber

Conifex Timber Inc engages in the production, marketing, and sale of lumber products in the United States, Canada, and Japan. The company is also involved in the timber harvesting, reforestation, and forest management activities; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips; and providing value added lumber finishing services.