Canfor (CFP) to Release Quarterly Earnings on Thursday

Canfor (TSE:CFP) is set to release its earnings data before the market opens on Thursday, May 2nd.

Canfor (TSE:CFP) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C($1.06) EPS for the quarter, missing the consensus estimate of C($0.94) by C($0.12). The firm had revenue of C$1.28 billion for the quarter. Canfor had a negative net margin of 6.01% and a negative return on equity of 7.71%.

Canfor Stock Performance

Canfor stock opened at C$14.51 on Wednesday. Canfor has a 1-year low of C$13.41 and a 1-year high of C$23.99. The company has a current ratio of 2.49, a quick ratio of 2.14 and a debt-to-equity ratio of 9.34. The firm has a market capitalization of C$1.73 billion, a PE ratio of -5.35 and a beta of 2.16. The firm’s 50 day simple moving average is C$16.02 and its 200 day simple moving average is C$16.30.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CFP. Raymond James cut shares of Canfor from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from C$25.00 to C$23.00 in a report on Tuesday, February 6th. BMO Capital Markets decreased their target price on Canfor from C$24.00 to C$22.00 in a research note on Wednesday, April 17th. Scotiabank set a C$22.00 price target on Canfor and gave the company a “sector perform” rating in a report on Monday, January 22nd. Royal Bank of Canada cut their price objective on Canfor from C$22.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, TD Securities decreased their price objective on shares of Canfor from C$25.00 to C$22.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.67.

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.