Canfor Pulp Products (CFX) to Release Earnings on Monday

Canfor Pulp Products (TSE:CFX) will release its earnings data before the market opens on Monday, October 28th. Analysts expect Canfor Pulp Products to post earnings of C($0.14) per share for the quarter.

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

Canfor Pulp Products Trading Up 1.1 %

Shares of CFX stock opened at C$0.91 on Monday. 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 firm has a market cap of C$59.36 million, a PE ratio of -0.75, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The company has a 50-day moving average of C$0.91 and a two-hundred day moving average of C$1.18. Canfor Pulp Products has a 1-year low of C$0.80 and a 1-year high of C$2.01.

Analyst Ratings Changes

CFX has been the topic of several research reports. CIBC reduced their price target on shares of Canfor Pulp Products from C$1.75 to C$1.25 in a research report on Thursday, July 18th. Scotiabank reduced their target price on shares of Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 30th. Raymond James raised their target price on shares of Canfor Pulp Products from C$1.75 to C$2.75 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada reduced their target price on shares of Canfor Pulp Products from C$1.50 to C$1.25 in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Canfor Pulp Products currently has a consensus rating of “Hold” and a consensus target price of C$1.70.

Canfor Pulp Products Company Profile

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.