FY2027 Earnings Estimate for Canfor Issued By Scotiabank

Canfor Co. (TSE:CFP) – Research analysts at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for shares of Canfor in a note issued to investors on Monday, March 9th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of $0.42 for the year, down from their prior forecast of $0.53. Scotiabank has a “Hold” rating and a $16.00 price objective on the stock. The consensus estimate for Canfor’s current full-year earnings is $0.40 per share.

Canfor (TSE:CFP) last announced its earnings results on Thursday, March 5th. The company reported C($3.33) earnings per share (EPS) for the quarter. The business had revenue of C$1.28 billion during the quarter. Canfor had a negative net margin of 14.92% and a negative return on equity of 27.04%.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada cut their price target on shares of Canfor from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Raymond James Financial raised shares of Canfor from a “moderate buy” rating to a “strong-buy” rating and raised their price objective for the stock from C$15.00 to C$17.00 in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$16.20.

Canfor Stock Down 2.1%

CFP stock opened at C$13.62 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 2.14 and a debt-to-equity ratio of 37.16. The firm has a 50 day simple moving average of C$13.96 and a 200-day simple moving average of C$12.87. The company has a market capitalization of C$1.59 billion, a P/E ratio of -3.42 and a beta of 1.54. Canfor has a twelve month low of C$10.86 and a twelve month high of C$16.22.

About Canfor

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.