Conifex Timber FY2024 EPS Forecast Boosted by Raymond James

Conifex Timber Inc. (TSE:CFF) – Investment analysts at Raymond James increased their FY2024 earnings per share (EPS) estimates for shares of Conifex Timber in a research report issued to clients and investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now expects that the company will earn ($0.45) per share for the year, up from their prior estimate of ($0.67). 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 ($0.37) EPS and FY2026 earnings at ($0.17) EPS.

Conifex Timber Price Performance

CFF opened at C$0.33 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 0.91 and a debt-to-equity ratio of 73.11. The company has a market cap of C$13.45 million, a price-to-earnings ratio of -0.48, a price-to-earnings-growth ratio of 0.06 and a beta of 1.42. The stock has a fifty day simple moving average of C$0.37 and a two-hundred day simple moving average of C$0.40. Conifex Timber has a 12-month low of C$0.21 and a 12-month high of C$1.14.

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.