Raymond James Has Strong Outlook for TSE:CFX FY2024 Earnings

Canfor Pulp Products Inc. (TSE:CFX) – Equities research analysts at Raymond James raised their FY2024 earnings estimates for shares of Canfor Pulp Products in a note issued to investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now expects that the company will post earnings of ($0.18) per share for the year, up from their previous forecast 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 released its quarterly earnings data on Friday, October 25th. The company reported C($0.03) 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 firm earned ($0.55) earnings per share.

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

Canfor Pulp Products Stock Performance

Shares of CFX stock opened at C$0.83 on Wednesday. The stock has a market cap of C$54.14 million, a PE ratio of -0.68, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The stock has a 50-day moving average of C$0.82 and a 200-day moving average of C$0.90. The company has a debt-to-equity ratio of 32.11, a current ratio of 0.90 and a quick ratio of 0.73. Canfor Pulp Products has a one year low of C$0.67 and a one year high of C$1.83.

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.