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

West Fraser Timber (NYSE:WFG) is set to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce 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 the consensus estimate of $1.29 by ($0.09). The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.59 billion. West Fraser Timber had a net margin of 2.23% and a return on equity of 3.83%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) EPS. 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 Stock Down 2.0 %

West Fraser Timber stock opened at $94.47 on Tuesday. The company has a 50-day simple moving average of $92.37 and a 200-day simple moving average of $84.16. The firm has a market capitalization of $7.45 billion, a P/E ratio of -78.07 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 has a one year low of $64.11 and a one year high of $102.40.

West Fraser Timber Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 26th were given a dividend of $0.237 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.95 annualized dividend and a dividend yield of 1.00%. West Fraser Timber’s dividend payout ratio is currently -77.69%.

Analysts Set New Price Targets

Several equities analysts have recently commented on WFG shares. BMO Capital Markets upped their price target 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. Royal Bank of Canada upped their price target on shares of West Fraser Timber from $97.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, West Fraser Timber presently has an average rating of “Buy” and a consensus target price of $105.60.

About West Fraser Timber

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.