Canfor (CFP) to Release Quarterly Earnings on Monday

Canfor (TSE:CFP - Get Free Report) is scheduled to be issuing its quarterly earnings data 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 - Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported C($1.42) EPS for the quarter, missing the consensus estimate of C($0.17) by C($1.25). The company had revenue of C$1.38 billion for the quarter, compared to the consensus estimate of C$1.42 billion. Canfor had a negative net margin of 7.39% and a negative return on equity of 9.65%.

Canfor Stock Performance

Canfor has a 1-year low of C$13.41 and a 1-year high of C$19.30. The company has a market cap of C$1.98 billion, a P/E ratio of -5.03 and a beta of 2.08. 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 business has a 50-day moving average of C$15.67 and a 200 day moving average of C$15.17.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Raymond James boosted their price target on shares of Canfor from C$20.00 to C$23.00 and gave the company an "outperform" rating in a report on Tuesday, July 23rd. 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. Royal Bank of Canada raised their price target on shares of Canfor from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. TD Securities reduced their price objective on Canfor from C$20.00 to C$19.00 in a research report on Tuesday, July 23rd. Finally, CIBC raised their target price on Canfor from C$17.00 to C$19.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average 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.