West Fraser Timber (NYSE:WFG – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.09), Briefing.com reports. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.59 billion. West Fraser Timber had a negative net margin of 1.39% and a positive return on equity of 2.35%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) EPS.
West Fraser Timber Trading Up 6.9 %
NYSE:WFG traded up $5.48 during trading hours on Thursday, reaching $84.82. 281,086 shares of the company were exchanged, compared to its average volume of 167,881. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.33 and a quick ratio of 1.33. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of -70.29 and a beta of 1.16. West Fraser Timber has a 52-week low of $64.11 and a 52-week high of $89.57. The stock has a 50 day simple moving average of $78.49 and a 200 day simple moving average of $80.10.
West Fraser Timber Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Wednesday, June 26th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, June 26th. West Fraser Timber’s dividend payout ratio is currently -105.78%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on West Fraser Timber
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.
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