Scotiabank Analysts Decrease Earnings Estimates for TSE:WFG

West Fraser Timber Co. Ltd. (TSE:WFG) – Analysts at Scotiabank dropped their Q3 2024 earnings per share (EPS) estimates for West Fraser Timber in a report issued on Monday, October 21st. Scotiabank analyst B. Isaacson now expects that the company will post earnings per share of ($0.62) for the quarter, down from their previous forecast of ($0.22). The consensus estimate for West Fraser Timber’s current full-year earnings is $8.12 per share.

A number of other research firms have also issued reports on WFG. BMO Capital Markets upgraded West Fraser Timber to a “strong-buy” rating in a report on Tuesday, July 30th. CIBC lifted their price target on West Fraser Timber from C$125.00 to C$138.00 and gave the stock an “outperform” rating in a report on Monday, July 29th.

West Fraser Timber Trading Up 2.3 %

TSE:WFG opened at C$135.46 on Thursday. The firm has a market cap of C$10.58 billion, a PE ratio of 59.41 and a beta of 2.03. The stock has a fifty day moving average price of C$126.80 and a 200 day moving average price of C$115.54. West Fraser Timber has a 12-month low of C$88.61 and a 12-month high of C$141.27. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39.

West Fraser Timber (TSE:WFG) last released its quarterly earnings results on Wednesday, October 23rd. The company reported C($1.41) EPS for the quarter, missing the consensus estimate of C($0.62) by C($0.79). West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. The firm had revenue of C$1.96 billion for the quarter, compared to analysts’ expectations of C$2.01 billion.

West Fraser Timber Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 26th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Thursday, September 26th. West Fraser Timber’s dividend payout ratio (DPR) is currently 75.88%.

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.