Canfor Pulp Products (CFX) to Release Earnings on Monday

Canfor Pulp Products (TSE:CFX) will post its quarterly earnings results before the market opens on Monday, October 28th. Analysts expect Canfor Pulp Products to post earnings of C($0.14) per share for the quarter.

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

Canfor Pulp Products Stock Performance

Shares of CFX opened at C$0.91 on Monday. The business’s fifty day moving average price is C$0.91 and its 200 day moving average price is C$1.18. Canfor Pulp Products has a 12-month low of C$0.80 and a 12-month high of C$2.01. The stock has a market capitalization of C$59.36 million, a PE ratio of -0.75, 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.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CFX shares. Royal Bank of Canada cut their target price on Canfor Pulp Products from C$1.50 to C$1.25 in a research note on Thursday, July 11th. CIBC lowered their price target on Canfor Pulp Products from C$1.75 to C$1.25 in a report on Thursday, July 18th. Scotiabank lowered their price target on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 30th. Finally, Raymond James raised their price target on Canfor Pulp Products from C$1.75 to C$2.75 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$1.70.

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.