Canfor Pulp Products Inc. to Post FY2024 Earnings of ($0.23) Per Share, Scotiabank Forecasts (TSE:CFX)

Canfor Pulp Products Inc. (TSE:CFX) – Equities research analysts at Scotiabank issued their FY2024 earnings estimates for shares of Canfor Pulp Products in a research report issued 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 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 posted its quarterly earnings results on Tuesday, March 5th. The company reported C($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate 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.

A number of other brokerages have also weighed in on CFX. Raymond James raised their target price 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. Royal Bank of Canada cut their price objective 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 Friday, April 19th. CIBC lowered their target price on 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. Finally, TD Securities dropped their target price on Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Canfor Pulp Products currently has a consensus rating of “Hold” and a consensus target price of C$1.95.

Canfor Pulp Products Stock Performance

CFX opened at C$1.58 on Wednesday. The company has a market cap of C$103.06 million, a P/E ratio of -1.07, a PEG ratio of -25.62 and a beta of 1.37. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 32.39. The company’s 50 day moving average is C$1.59 and its 200-day moving average is C$1.65. Canfor Pulp Products has a 1-year low of C$1.30 and a 1-year high of C$2.48.

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.