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Resolute Forest Products Inc. (RFP)

NYSE - Nasdaq Real Time Price. Currency in USD
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14.19-0.70 (-4.73%)
As of 1:56PM EDT. Market open.
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Relative Strength Index (RSI)

Relative Strength Index (RSI)

Previous Close14.89
Bid14.23 x 800
Ask14.26 x 900
Day's Range14.08 - 14.94
52 Week Range1.78 - 17.18
Avg. Volume918,124
Market Cap1.122B
Beta (5Y Monthly)3.46
PE Ratio (TTM)12.27
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 05, 2018
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Sawmills Are Selling Boards Faster Than They Can Cut Them

    Sawmills Are Selling Boards Faster Than They Can Cut Them

    (Bloomberg) -- Lumber demand is so strong that Resolute Forest Products Inc.’s order book exceeds its inventory, according to Chief Executive Officer Remi Lalonde.After trucking and railcar shortages hampered shipments during the first quarter, Resolute is now holding extra inventories at a time of record wood prices, Lalonde said during a conference call Thursday. Still, even those stockpiles aren’t enough to satisfy the North American building boom, so Resolute is ramping up output. Full-year production is expected to rise by 7%.Lumber futures have surged 85% this year amid sky-high demand from homebuilders and remodelers. The price touched an all-time high of $1,334.60 per thousand board feet two days ago and on Thursday surged by the $32 maximum allowed under Chicago Mercantile Exchange rules.“We’re selling volume that we haven’t sawed yet,” the CEO said. The inventory buildup during a price rally was “kind of a happy accident.”Idle SawmillsInvestors punished Resolute for posting adjusted per-share profit that trailed every analyst estimate compiled by Bloomberg. Executives cited the transportation snags for the underperformance. The stock plunged as much as 17%.To boost output, Resolute restarted a mill in Ontario that had been idle for two years, as well as one in Arkansas. Before Thursday, Resolute shares had more than doubled in a year, pushing the company’s market valuation to more than $1 billion.The shares were down 15% at $13.23 at 2:39 p.m. in New York.Also on Thursday, Canfor Corp. said first-quarter lumber shipments were 7% below the prior three-month period. The company blamed severe winter weather in the U.S. South that disrupted deliveries, as well as transportation constraints in Canada.Record IncomeStill, the lumber rally and improved global pulp-market conditions meant it reaped record operating income of C$603 million ($490 million). This compared with an C$88.8 million loss a year earlier.“This unprecedented pricing substantially outweighed the impacts of higher market-related log costs in Western Canada, combined with moderately lower North American shipment volumes stemming from transportation constraints,” and a stronger Canadian dollar,” Canfor said in a statement.Global lumber demand is expected to remain solid with strong home building and remodeling to continue through June, the Vancouver-based company said.Canfor dropped as much as 4.6%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Why Resolute Forest Products Stock Sank Today
    Motley Fool

    Why Resolute Forest Products Stock Sank Today

    Canadian pulp and paper manufacturer Resolute Forest Products (NYSE: RFP) provided investors with preliminary first-quarter 2021 financial results today, and the market didn't approve. Resolute reported that Q1 earnings are expected to come in at $1.06 per share. Resolute's wood products business was expected to thrive in today's environment of high lumber prices.

  • Resolute Forest Products: Transformation Strategy and the Price Tag

    Resolute Forest Products: Transformation Strategy and the Price Tag

    This Prem Watsa favorite's promise is challenged by its fundamentals and share price