Canfor (CFP) to Release Earnings on Thursday

Canfor (TSE:CFP) is set to post its quarterly earnings results before the market opens on Thursday, May 2nd.

Canfor (TSE:CFP) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C($1.06) earnings per share for the quarter, missing the consensus estimate of C($0.94) by C($0.12). Canfor had a negative return on equity of 7.71% and a negative net margin of 6.01%. The business had revenue of C$1.28 billion during the quarter.

Canfor Price Performance

Shares of TSE:CFP opened at C$14.24 on Thursday. Canfor has a twelve month low of C$13.41 and a twelve month high of C$23.99. The company’s 50 day moving average is C$16.17 and its 200 day moving average is C$16.31. The company has a current ratio of 2.49, a quick ratio of 2.14 and a debt-to-equity ratio of 9.34. The company has a market cap of C$1.69 billion, a PE ratio of -5.25 and a beta of 2.16.

Analysts Set New Price Targets

CFP has been the topic of a number of analyst reports. TD Securities dropped their price objective on shares of Canfor from C$25.00 to C$22.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Scotiabank set a C$22.00 price objective on shares of Canfor and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. CIBC dropped their price objective on shares of Canfor from C$23.00 to C$22.00 in a research note on Thursday, April 11th. BMO Capital Markets dropped their price objective on shares of Canfor from C$24.00 to C$22.00 in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada dropped their price objective on shares of Canfor from C$22.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Canfor presently has an average rating of “Moderate Buy” and an average price target of C$21.67.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.