Equities Analysts Offer Predictions for TSE:CFX Q3 Earnings

Canfor Pulp Products Inc. (TSE:CFX) – Research analysts at Scotiabank upped their Q3 2024 earnings per share (EPS) estimates for shares of Canfor Pulp Products in a note issued to investors on Tuesday, October 22nd. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of ($0.10) for the quarter, up from their prior forecast of ($0.14). Scotiabank has a “Sector Perform” rating and a $1.50 price objective on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

CFX has been the topic of a number of other research reports. Royal Bank of Canada reduced their target price on Canfor Pulp Products from C$1.50 to C$1.25 in a report on Thursday, July 11th. Raymond James raised their price target on Canfor Pulp Products from C$1.75 to C$2.75 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Finally, CIBC cut their price target on Canfor Pulp Products from C$1.75 to C$1.25 in a report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Canfor Pulp Products currently has a consensus rating of “Hold” and an average price target of C$1.70.

Canfor Pulp Products Price Performance

Shares of TSE CFX opened at C$0.91 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.90 and a debt-to-equity ratio of 32.11. The business has a 50 day moving average price of C$0.92 and a two-hundred day moving average price of C$1.17. Canfor Pulp Products has a fifty-two week low of C$0.80 and a fifty-two week high of C$2.01. The firm has a market cap of C$59.36 million, a PE ratio of -0.75, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33.

Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings data on Thursday, July 25th. The company reported C($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.05). Canfor Pulp Products had a negative net margin of 6.98% and a negative return on equity of 16.16%. The business had revenue of C$220.00 million for the quarter, compared to analyst estimates of C$229.00 million.

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.