West Fraser Timber (WFG) Scheduled to Post Quarterly Earnings on Wednesday

West Fraser Timber (NYSE:WFG) is set to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect West Fraser Timber to post earnings of ($0.16) per share for the quarter.

West Fraser Timber (NYSE:WFG) last released its earnings results on Wednesday, July 24th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.09). West Fraser Timber had a net margin of 2.23% and a return on equity of 3.83%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted ($0.03) EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect West Fraser Timber to post $2 EPS for the current fiscal year and $8 EPS for the next fiscal year.

West Fraser Timber Trading Down 1.2 %

NYSE:WFG opened at $96.40 on Monday. West Fraser Timber has a 52 week low of $64.11 and a 52 week high of $102.40. The firm’s fifty day moving average is $92.19 and its 200-day moving average is $84.08. The firm has a market cap of $7.52 billion, a P/E ratio of 61.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.33.

West Fraser Timber Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 26th were given a dividend of $0.237 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.95 dividend on an annualized basis and a yield of 0.98%. West Fraser Timber’s dividend payout ratio (DPR) is currently 60.90%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank of Canada raised their target price on West Fraser Timber from $97.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. BMO Capital Markets raised their price objective on shares of West Fraser Timber from $92.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $105.60.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.