Canfor Pulp Products Inc. Expected to Post Q3 2024 Earnings of ($0.14) Per Share (TSE:CFX)

Canfor Pulp Products Inc. (TSE:CFX) – Analysts at Scotiabank issued their Q3 2024 EPS estimates for shares of Canfor Pulp Products in a research note issued to investors on Monday, July 29th. Scotiabank analyst B. Isaacson anticipates that the company will post earnings per share of ($0.14) for the quarter. Scotiabank has a “Sector Perform” rating and a $1.50 price target on the stock. The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

A number of other research firms have also weighed in on CFX. Raymond James raised their price objective on shares of Canfor Pulp Products from C$1.75 to C$2.75 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. TD Securities reduced their price objective on Canfor Pulp Products from C$2.00 to C$1.75 and set a “hold” rating for the company in a report on Tuesday, April 16th. Royal Bank of Canada decreased their target price on Canfor Pulp Products from C$1.50 to C$1.25 in a research report on Thursday, July 11th. Finally, CIBC reduced their price target on shares of Canfor Pulp Products from C$1.75 to C$1.25 in a research note on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$1.70.

Canfor Pulp Products Price Performance

Shares of TSE:CFX opened at C$0.95 on Wednesday. The stock has a market capitalization of C$61.97 million, a price-to-earnings ratio of -0.78, a PEG ratio of -25.62 and a beta of 1.40. The stock has a fifty day simple moving average of C$1.23 and a two-hundred day simple moving average of C$1.47. Canfor Pulp Products has a 12-month low of C$0.94 and a 12-month high of C$2.17. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 33.65.

Canfor Pulp Products (TSE:CFX) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C($0.04) EPS for the quarter. Canfor Pulp Products had a negative return on equity of 21.31% and a negative net margin of 9.33%. The company had revenue of C$222.30 million during the quarter.

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.