Research Analysts Offer Predictions for TSE:CFX Q4 Earnings

Canfor Pulp Products Inc. (TSE:CFX) – Equities research analysts at Scotiabank upped their Q4 2024 earnings estimates for shares of Canfor Pulp Products in a report issued on Tuesday, January 21st. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings of ($0.09) per share for the quarter, up from their previous estimate of ($0.12). 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) earnings per share (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 quarter last year, the company posted ($0.55) earnings per share.

Separately, Royal Bank of Canada lowered their price objective on shares of Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating on the stock 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$1.65.

Canfor Pulp Products Stock Performance

CFX stock opened at C$0.76 on Thursday. The company has a 50-day simple moving average of C$0.82 and a 200 day simple moving average of C$0.90. The company has a market capitalization of C$49.57 million, a P/E ratio of -0.62, a PEG ratio of -25.62 and a beta of 1.33. The company has a quick ratio of 0.73, a current ratio of 0.90 and a debt-to-equity ratio of 32.11. Canfor Pulp Products has a fifty-two week low of C$0.67 and a fifty-two week high of C$1.83.

About Canfor Pulp Products

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.