What is Raymond James’ Estimate for TSE:CFX FY2024 Earnings?

Canfor Pulp Products Inc. (TSE:CFX) – Stock analysts at Raymond James lifted their FY2024 earnings per share estimates for shares of Canfor Pulp Products in a research note issued on Monday, January 20th. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of ($0.18) per share 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 announced its quarterly earnings data on Friday, October 25th. The company reported C($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.10) by C$0.07. Canfor Pulp Products had a negative return on equity of 16.16% and a negative net margin of 6.98%. During the same period in the prior year, the business posted ($0.55) EPS.

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

Canfor Pulp Products Stock Down 8.4 %

Shares of TSE:CFX opened at C$0.76 on Wednesday. The company has a market capitalization of C$49.57 million, a price-to-earnings ratio of -0.62, a P/E/G ratio of -25.62 and a beta of 1.33. The company has a debt-to-equity ratio of 32.11, a current ratio of 0.90 and a quick ratio of 0.73. The business’s 50-day moving average is C$0.82 and its 200-day moving average is C$0.90. Canfor Pulp Products has a 1 year low of C$0.67 and a 1 year high of C$1.83.

About Canfor Pulp Products

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.