FY2024 Earnings Forecast for TSE:WEF Issued By Raymond James

Western Forest Products Inc. (TSE:WEF) – Stock analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for shares of Western Forest Products in a note issued to investors on Monday, October 21st. Raymond James analyst D. Swetlishoff now forecasts that the company will earn ($0.17) per share for the year, down from their previous forecast of ($0.12). The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share. Raymond James also issued estimates for Western Forest Products’ FY2025 earnings at ($0.13) EPS.

WEF has been the subject of several other research reports. Royal Bank of Canada dropped their target price on shares of Western Forest Products from C$0.80 to C$0.70 in a report on Thursday, July 11th. CIBC dropped their price objective on Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday, July 18th. Finally, TD Securities decreased their target price on Western Forest Products from C$0.60 to C$0.50 in a research note on Tuesday, July 23rd.

Western Forest Products Stock Performance

The company has a 50-day moving average of C$0.48 and a 200 day moving average of C$0.49. The company has a quick ratio of 0.73, a current ratio of 2.97 and a debt-to-equity ratio of 18.43. Western Forest Products has a 52 week low of C$0.41 and a 52 week high of C$0.81. The stock has a market cap of C$156.79 million, a P/E ratio of -3.57, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81.

Western Forest Products (TSE:WEF) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.03) by C$0.02. The firm had revenue of C$309.50 million for the quarter, compared to analyst estimates of C$258.00 million. Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%.

Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.