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

Canfor Pulp Products Inc. (TSE:CFX) – Investment analysts at Scotiabank issued their FY2024 EPS estimates for shares of Canfor Pulp Products in a research report issued to clients and investors on Monday, May 6th. Scotiabank analyst forecasts that the company will earn ($0.23) per share for the year. Scotiabank currently has a “Sector Perform” rating and a $2.00 target price 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 posted its quarterly earnings results on Tuesday, March 5th. The company reported C($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.33) by C$0.13. Canfor Pulp Products had a negative net margin of 10.98% and a negative return on equity of 25.14%. The business had revenue of C$193.90 million for the quarter.

CFX has been the subject of several other reports. CIBC dropped their target price on shares of 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. Royal Bank of Canada dropped their price objective on shares of Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a research note on Friday, April 19th. Raymond James upped their target price on Canfor Pulp Products from C$2.40 to C$2.75 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, TD Securities cut 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 report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$1.95.

Canfor Pulp Products Stock Performance

TSE:CFX opened at C$1.58 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 32.39. Canfor Pulp Products has a fifty-two week low of C$1.30 and a fifty-two week high of C$2.48. The stock has a market cap of C$103.06 million, a PE ratio of -1.07, a price-to-earnings-growth ratio of -25.62 and a beta of 1.37. The firm’s fifty day simple moving average is C$1.59 and its 200-day simple moving average is C$1.65.

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.