Conifex Timber (CFF) Announces Quarterly Earnings Results

Conifex Timber (TSE:CFF) issued its quarterly earnings data on Tuesday. The company reported C($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.23) by C($0.02), Morningstar.com reports. The business had revenue of C$133.75 million for the quarter.

Shares of TSE CFF opened at C$1.34 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.71 and a debt-to-equity ratio of 97.62. Conifex Timber has a 52 week low of C$1.18 and a 52 week high of C$6.80. The stock has a market capitalization of $62.92 million and a P/E ratio of -6.91.

Several research firms have recently commented on CFF. TD Securities cut shares of Conifex Timber from a “hold” rating to a “reduce” rating and reduced their target price for the stock from C$2.00 to C$1.25 in a research note on Thursday, March 28th. Raymond James restated an “outperform” rating and issued a C$4.00 target price on shares of Conifex Timber in a research note on Thursday, March 28th.

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About Conifex Timber

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, and Japan. It operates through two segments, Lumber and Bioenergy. The Lumber segment is involved in timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing services.

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Earnings History for Conifex Timber (TSE:CFF)

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