Canfor Pulp Products (CFX) Set to Announce Quarterly Earnings on Thursday

Canfor Pulp Products (TSE:CFX) will issue its quarterly earnings data before the market opens on Thursday, May 2nd.

Canfor Pulp Products (TSE:CFX) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C($0.20) EPS for the quarter, topping analysts’ consensus estimates of C($0.33) by C$0.13. The company had revenue of C$193.90 million for the quarter. Canfor Pulp Products had a negative return on equity of 25.14% and a negative net margin of 10.98%.

Canfor Pulp Products Price Performance

Canfor Pulp Products stock opened at C$1.52 on Wednesday. The stock’s 50 day moving average is C$1.59 and its 200 day moving average is C$1.66. The company has a debt-to-equity ratio of 32.39, a current ratio of 0.94 and a quick ratio of 0.73. The firm has a market cap of C$99.15 million, a P/E ratio of -1.03, a P/E/G ratio of -25.62 and a beta of 1.37. Canfor Pulp Products has a one year low of C$1.30 and a one year high of C$2.48.

Wall Street Analyst Weigh In

CFX has been the topic of a number of recent analyst reports. Raymond James lifted their price objective on Canfor Pulp Products from C$2.40 to C$2.75 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Royal Bank of Canada lowered their target price on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a report on Friday, April 19th. TD Securities lowered their target price on Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating for the company in a report on Tuesday, April 16th. CIBC lowered their target price on Canfor Pulp Products from C$2.00 to C$1.75 and set a “neutral” rating for the company in a report on Friday, March 8th. Finally, Scotiabank set a C$2.00 target price on Canfor Pulp Products and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$1.95.

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.