What is Raymond James’ Forecast for TSE:CFX FY2024 Earnings?

Canfor Pulp Products Inc. (TSE:CFX) – Equities research analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for Canfor Pulp Products in a research report issued to clients and investors on Monday, October 21st. Raymond James analyst D. Swetlishoff now forecasts that the company will earn ($0.33) per share for the year, down from their prior forecast of ($0.24). Raymond James currently has a “Outperform” rating and a $2.75 target price on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share. Raymond James also issued estimates for Canfor Pulp Products’ FY2025 earnings at ($0.18) EPS.

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

Several other equities research analysts have also recently issued reports on the company. Scotiabank cut their target price on 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 Tuesday, July 30th. Royal Bank of Canada reduced their price objective on shares of Canfor Pulp Products from C$1.50 to C$1.25 in a report on Thursday, July 11th. Finally, CIBC lowered their target price on shares of Canfor Pulp Products from C$1.75 to C$1.25 in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$1.70.

Canfor Pulp Products Stock Performance

Canfor Pulp Products stock opened at C$0.96 on Thursday. The firm has a 50 day simple moving average of C$0.92 and a 200-day simple moving average of C$1.17. The stock has a market cap of C$62.62 million, a price-to-earnings ratio of -0.79, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The company has a debt-to-equity ratio of 32.11, a current ratio of 0.90 and a quick ratio of 0.73. Canfor Pulp Products has a 1-year low of C$0.80 and a 1-year high of C$2.01.

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.