Raymond James Boosts Earnings Estimates for Conifex Timber

Conifex Timber Inc. (TSE:CFF) – Stock analysts at Raymond James increased their FY2024 earnings estimates for shares of Conifex Timber in a research note issued on Monday, October 21st. Raymond James analyst D. Swetlishoff now expects that the company will post earnings of ($0.67) per share for the year, up from their prior forecast of ($0.69). Raymond James has a “Outperform” rating and a $0.85 price objective on the stock. 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 ($0.34) EPS.

Conifex Timber (TSE:CFF) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.22) earnings per share (EPS) for the quarter. Conifex Timber had a negative return on equity of 23.85% and a negative net margin of 18.88%. The company had revenue of C$31.80 million for the quarter.

Conifex Timber Stock Up 16.3 %

Shares of TSE:CFF opened at C$0.50 on Thursday. The company has a market cap of C$20.39 million, a price-to-earnings ratio of -0.72, a PEG ratio of 0.06 and a beta of 1.42. Conifex Timber has a one year low of C$0.21 and a one year high of C$1.14. The firm has a fifty day moving average price of C$0.41 and a two-hundred day moving average price of C$0.46. The company has a debt-to-equity ratio of 73.11, a current ratio of 1.85 and a quick ratio of 0.91.

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.