Raymond James Boosts Earnings Estimates for Conifex Timber

Conifex Timber Inc. (TSE:CFF) – Research analysts at Raymond James raised their FY2024 earnings estimates for shares of Conifex Timber in a note issued to investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now anticipates that the company will earn ($0.45) per share for the year, up from their prior estimate of ($0.67). The consensus estimate for Conifex Timber’s current full-year earnings is $0.03 per share. Raymond James also issued estimates for Conifex Timber’s FY2025 earnings at ($0.37) EPS and FY2026 earnings at ($0.17) EPS.

Conifex Timber Stock Performance

CFF opened at C$0.33 on Wednesday. Conifex Timber has a 1-year low of C$0.21 and a 1-year high of C$1.14. The company has a market capitalization of C$13.25 million, a price-to-earnings ratio of -0.47, a price-to-earnings-growth ratio of 0.06 and a beta of 1.42. The business has a 50 day moving average price of C$0.37 and a two-hundred day moving average price of C$0.40. The company has a debt-to-equity ratio of 73.11, a current ratio of 1.85 and a quick ratio of 0.91.

Conifex Timber Company Profile

Conifex Timber Inc engages in the production, marketing, and sale of lumber products in the United States, Canada, and Japan. The company is also involved in the timber harvesting, reforestation, and forest management activities; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips; and providing value added lumber finishing services.