FY2024 Earnings Forecast for TSE:CFX Issued By Raymond James

Canfor Pulp Products Inc. (TSE:CFX) – Equities researchers at Raymond James reduced their FY2024 EPS estimates for shares of Canfor Pulp Products in a research note issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of ($0.33) per share for the year, down from their previous forecast of ($0.24). Raymond James has a “Outperform” rating and a $2.75 price objective on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share. Raymond James also issued estimates for Canfor Pulp Products’ FY2025 earnings at ($0.18) EPS.

A number of other equities analysts also recently issued reports on the company. Royal Bank of Canada lowered their price target on Canfor Pulp Products from C$1.50 to C$1.25 in a report on Thursday, July 11th. Scotiabank lowered their target price on shares of Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a report on Tuesday, July 30th. Finally, CIBC cut their price target on shares of Canfor Pulp Products from C$1.75 to C$1.25 in a research note on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$1.70.

Canfor Pulp Products Trading Up 5.5 %

TSE:CFX opened at C$0.96 on Thursday. The company has a debt-to-equity ratio of 32.11, a quick ratio of 0.73 and a current ratio of 0.90. Canfor Pulp Products has a 1 year low of C$0.80 and a 1 year high of C$2.01. The stock has a market cap of C$62.62 million, a P/E ratio of -0.79, a P/E/G ratio of -25.62 and a beta of 1.33. The stock has a 50-day simple moving average of C$0.92 and a 200-day simple moving average of C$1.17.

Canfor Pulp Products (TSE:CFX) last posted its earnings results on Thursday, July 25th. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.05). The business had revenue of C$220.00 million during the quarter, compared to analysts’ expectations of C$229.00 million. Canfor Pulp Products had a negative net margin of 6.98% and a negative return on equity of 16.16%.

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.