Canfor Co. (CFP) Scheduled to Post Quarterly Earnings on Friday

Canfor Co. (TSE:CFP) is scheduled to announce its earnings results after the market closes on Friday, October 20th. Analysts expect the company to announce earnings of C$0.31 per share for the quarter.

Canfor (TSE:CFP) last released its earnings results on Wednesday, July 26th. The company reported C$0.78 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.52 by C$0.26. Canfor had a return on equity of 20.50% and a net margin of 7.67%. The firm had revenue of C$1.19 billion during the quarter.

Shares of Canfor Co. (TSE CFP) opened at 24.45 on Friday. Canfor Co. has a 12-month low of $13.35 and a 12-month high of $25.02. The company’s 50 day moving average price is $22.93 and its 200-day moving average price is $20.40. The firm has a market cap of $3.25 billion and a P/E ratio of 13.74.

A number of research analysts recently issued reports on CFP shares. Royal Bank Of Canada raised their price target on Canfor from C$17.00 to C$18.00 and gave the stock an “underperform” rating in a research note on Friday, July 28th. Scotiabank raised their price target on Canfor from C$20.50 to C$21.25 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Raymond James Financial, Inc. raised their price target on Canfor from C$24.00 to C$25.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 27th. BMO Capital Markets downgraded Canfor from an “outperform” rating to a “market perform” rating in a research note on Monday, August 14th. Finally, TD Securities raised their price target on Canfor from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$21.45.

In other news, Director William W. Stinson purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of C$21.34 per share, for a total transaction of C$64,020.00. Also, insider James A. Pattison purchased 225,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of C$21.20 per share, for a total transaction of C$4,770,000.00.

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Canfor Company Profile

Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets.

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