Analysts Offer Predictions for Canfor Pulp Products Inc.’s FY2024 Earnings (TSE:CFX)

Canfor Pulp Products Inc. (TSE:CFX) – Stock analysts at Scotiabank issued their FY2024 EPS estimates for Canfor Pulp Products in a report released on Monday, May 6th. Scotiabank analyst forecasts that the company will post earnings per share of ($0.23) for the year. Scotiabank has a “Sector Perform” rating and a $2.00 price objective on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share. Scotiabank also issued estimates for Canfor Pulp Products’ FY2025 earnings at ($0.25) EPS.

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

CFX has been the topic of several other reports. Raymond James raised their price objective on shares of Canfor Pulp Products from C$2.40 to C$2.75 and gave the company an “outperform” rating in a research report on Friday, April 19th. CIBC decreased their price objective on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “neutral” rating on the stock in a research report on Friday, March 8th. TD Securities decreased their price objective on shares of Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada reduced their price target on shares of Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a report on Friday, April 19th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Canfor Pulp Products currently has an average rating of “Hold” and a consensus target price of C$1.95.

Canfor Pulp Products Stock Up 3.3 %

Shares of CFX stock opened at C$1.58 on Wednesday. The company has a market capitalization of C$103.06 million, a price-to-earnings ratio of -1.07, a PEG 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. The company’s fifty day moving average price is C$1.59 and its 200-day moving average price is C$1.65. The company has a debt-to-equity ratio of 32.39, a current ratio of 0.94 and a quick ratio of 0.73.

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.