Raymond James Predicts Increased Earnings for Conifex Timber

Conifex Timber Inc. (TSE:CFF) – Equities researchers at Raymond James upped their FY2024 earnings estimates for Conifex Timber in a report released on Monday, October 21st. Raymond James analyst D. Swetlishoff now expects that the company will earn ($0.67) per share for the year, up from their previous forecast of ($0.69). Raymond James has a “Outperform” rating and a $0.85 price objective on the stock. The consensus estimate for Conifex Timber’s current full-year earnings is $0.03 per share. Raymond James also issued estimates for Conifex Timber’s FY2025 earnings at ($0.34) EPS.

Conifex Timber Stock Performance

TSE:CFF opened at C$0.50 on Thursday. The company has a debt-to-equity ratio of 73.11, a quick ratio of 0.91 and a current ratio of 1.85. Conifex Timber has a fifty-two week low of C$0.21 and a fifty-two week high of C$1.14. The firm has a market cap of C$20.39 million, a PE ratio of -0.72, a price-to-earnings-growth ratio of 0.06 and a beta of 1.42. The business has a 50 day moving average price of C$0.41 and a 200-day moving average price of C$0.46.

Conifex Timber (TSE:CFF) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C($0.22) earnings per share (EPS) for the quarter. Conifex Timber had a negative return on equity of 23.85% and a negative net margin of 18.88%. The company had revenue of C$31.80 million for the quarter.

Conifex Timber Company Profile

Conifex Timber Inc engages in the production, marketing, and sale of lumber products in the United States, Canada, and Japan. The company is also involved in the timber harvesting, reforestation, and forest management activities; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips; and providing value added lumber finishing services.