Canfor (CFP) Scheduled to Post Earnings on Monday

Canfor (TSE:CFP) is set to issue its quarterly earnings data before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of C($0.85) per share for the quarter.

Canfor (TSE:CFP) last issued its earnings results on Thursday, July 25th. The company reported C($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.17) by C($1.25). The firm had revenue of C$1.38 billion during the quarter, compared to analyst estimates of C$1.42 billion. Canfor had a negative net margin of 7.39% and a negative return on equity of 9.65%.

Canfor Trading Up 4.4 %

Shares of CFP stock opened at C$17.90 on Friday. The firm has a 50 day moving average price of C$15.85 and a two-hundred day moving average price of C$15.20. The company has a quick ratio of 2.14, a current ratio of 1.99 and a debt-to-equity ratio of 11.97. The company has a market capitalization of C$2.12 billion, a PE ratio of -5.31 and a beta of 2.08. Canfor has a 12-month low of C$13.53 and a 12-month high of C$19.30.

Analysts Set New Price Targets

CFP has been the subject of several research reports. CIBC raised their price objective on shares of Canfor from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. BMO Capital Markets cut their price objective on shares of Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 23rd. TD Securities cut their price objective on shares of Canfor from C$20.00 to C$19.00 in a research report on Tuesday, July 23rd. Royal Bank of Canada raised their price objective on shares of Canfor from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Scotiabank cut their price objective on shares of Canfor from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 30th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$20.67.

Canfor Company Profile

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.