FY2024 EPS Estimates for TSE:CFX Lowered by Raymond James

Canfor Pulp Products Inc. (TSE:CFX) – Raymond James decreased their FY2024 earnings per share estimates for Canfor Pulp Products in a report released on Monday, October 21st. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of ($0.33) per share for the year, down from their prior forecast of ($0.24). Raymond James currently has a “Outperform” rating and a $2.75 target price on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share. Raymond James also issued estimates for Canfor Pulp Products’ FY2025 earnings at ($0.18) EPS.

Several other brokerages have also issued reports on CFX. Royal Bank of Canada lowered their price target on shares of Canfor Pulp Products from C$1.50 to C$1.25 in a report on Thursday, July 11th. Scotiabank dropped their price target on shares of Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 30th. Finally, CIBC cut their price target on shares of Canfor Pulp Products from C$1.75 to C$1.25 in a research note on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$1.70.

Canfor Pulp Products Stock Performance

CFX opened at C$0.91 on Thursday. The stock’s 50 day simple moving average is C$0.92 and its 200-day simple moving average is C$1.17. The company has a current ratio of 0.90, a quick ratio of 0.73 and a debt-to-equity ratio of 32.11. The stock has a market cap of C$59.36 million, a PE ratio of -0.75, a P/E/G ratio of -25.62 and a beta of 1.33. Canfor Pulp Products has a 1 year low of C$0.80 and a 1 year high of C$2.01.

Canfor Pulp Products (TSE:CFX) last released 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). Canfor Pulp Products had a negative net margin of 6.98% and a negative return on equity of 16.16%. The company had revenue of C$220.00 million during the quarter, compared to the consensus estimate of C$229.00 million.

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.