Canfor Pulp Products (CFX) Scheduled to Post Quarterly Earnings on Monday

Canfor Pulp Products (TSE:CFX) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of C($0.14) per share for the quarter.

Canfor Pulp Products (TSE:CFX) last issued its earnings results on Thursday, July 25th. The company reported C($0.10) EPS 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 firm had revenue of C$220.00 million during the quarter, compared to analyst estimates of C$229.00 million.

Canfor Pulp Products Stock Up 5.5 %

CFX opened at C$0.96 on Friday. The firm has a market cap of C$62.62 million, a price-to-earnings ratio of -0.79, a PEG ratio of -25.62 and a beta of 1.33. The company has a debt-to-equity ratio of 32.11, a quick ratio of 0.73 and a current ratio of 0.90. The firm’s 50-day simple moving average is C$0.92 and its 200-day simple moving average is C$1.17. Canfor Pulp Products has a twelve month low of C$0.80 and a twelve month high of C$2.01.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CFX. Royal Bank of Canada decreased their price objective on shares of Canfor Pulp Products from C$1.50 to C$1.25 in a research note on Thursday, July 11th. CIBC reduced their target price on Canfor Pulp Products from C$1.75 to C$1.25 in a report on Thursday, July 18th. Scotiabank reduced their target price on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 30th. Finally, Raymond James boosted their target price on Canfor Pulp Products from C$1.75 to C$2.75 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$1.70.

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.