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

Canfor Pulp Products Inc. (TSE:CFX) – Analysts at Raymond James increased their FY2024 earnings per share (EPS) estimates for Canfor Pulp Products in a research note issued on Monday, January 20th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn ($0.18) per share for the year, up from their previous forecast of ($0.29). The consensus estimate for Canfor Pulp Products’ current full-year earnings is $0.12 per share.

Canfor Pulp Products (TSE:CFX) last released its earnings results on Friday, October 25th. The company reported C($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.10) by C$0.07. Canfor Pulp Products had a negative return on equity of 16.16% and a negative net margin of 6.98%. During the same period last year, the firm earned ($0.55) earnings per share.

Separately, Royal Bank of Canada dropped their price objective on Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating on the stock in a research note on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canfor Pulp Products presently has an average rating of “Hold” and a consensus target price of C$1.65.

Canfor Pulp Products Stock Performance

CFX stock opened at C$0.76 on Wednesday. The firm has a market cap of C$49.57 million, a PE ratio of -0.62, a P/E/G ratio of -25.62 and a beta of 1.33. 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 of C$0.82 and a 200-day moving average of C$0.90. Canfor Pulp Products has a 12-month low of C$0.67 and a 12-month high of C$1.83.

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.