Canfor (CFP) Set to Announce Earnings on Monday

Canfor (TSE:CFP) will release its earnings data before the market opens on Monday, October 28th. Analysts expect Canfor to post earnings of C($0.85) per share for the quarter.

Canfor (TSE:CFP) last released its quarterly earnings data on Thursday, July 25th. The company reported C($1.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.17) by C($1.25). The company had revenue of C$1.38 billion for the quarter, compared to analyst estimates of C$1.42 billion. Canfor had a negative return on equity of 9.65% and a negative net margin of 7.39%.

Canfor Price Performance

CFP stock opened at C$16.83 on Monday. The company has a 50 day simple moving average of C$15.67 and a 200 day simple moving average of C$15.17. The stock has a market cap of C$1.99 billion, a price-to-earnings ratio of -4.99 and a beta of 2.08. Canfor has a 1 year low of C$13.41 and a 1 year high of C$19.30. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.99 and a quick ratio of 2.14.

Analyst Ratings Changes

CFP has been the subject of several analyst reports. BMO Capital Markets dropped their price target on shares of Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 23rd. Raymond James raised their target price on Canfor from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Scotiabank reduced their price target on Canfor from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 30th. TD Securities lowered their price objective on Canfor from C$20.00 to C$19.00 in a research report on Tuesday, July 23rd. Finally, CIBC lifted their price objective on Canfor from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$19.83.

Canfor Company Profile

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.