Canfor Pulp Products Inc. (TSE:CFX) Expected to Earn Q2 2024 Earnings of ($0.05) Per Share

Canfor Pulp Products Inc. (TSE:CFX) – Equities researchers at Scotiabank issued their Q2 2024 EPS estimates for Canfor Pulp Products in a report issued on Monday, May 6th. Scotiabank analyst expects that the company will post earnings of ($0.05) per share for the quarter. Scotiabank currently 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.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada reduced their price target 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 decreased their price target on Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating for the company in a research note on Tuesday, April 16th. CIBC dropped their price objective on 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. Finally, 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 report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$1.95.

Canfor Pulp Products Price Performance

Shares of CFX stock opened at C$1.58 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 32.39. The business’s fifty day moving average is C$1.59 and its 200 day moving average is C$1.65. The stock has a market cap 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 twelve month low of C$1.30 and a twelve month high of C$2.48.

Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.33) by C$0.13. The business 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%.

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.