Canfor (CFP) Set to Announce Earnings on Monday

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

Canfor Stock Performance

CFP opened at C$16.83 on Monday. Canfor has a 1-year low of C$13.41 and a 1-year high of C$19.30. The company has a current ratio of 1.99, a quick ratio of 2.14 and a debt-to-equity ratio of 11.97. The company has a market cap of C$1.99 billion, a price-to-earnings ratio of -4.99 and a beta of 2.08. The company’s fifty day moving average price is C$15.67 and its two-hundred day moving average price is C$15.17.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. CIBC upped their target price on shares of Canfor from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. BMO Capital Markets reduced their target price on shares of Canfor from C$22.00 to C$20.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 23rd. TD Securities reduced their target price on shares of Canfor from C$20.00 to C$19.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their target price on shares of Canfor from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Scotiabank reduced their target price on shares of Canfor from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Canfor currently has a consensus rating of “Buy” and a consensus target price of C$19.83.

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.