West Fraser Timber (WFG) Set to Announce Earnings on Wednesday

West Fraser Timber (TSE:WFG) will be announcing its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of C($0.22) per share for the quarter.

West Fraser Timber (TSE:WFG) last posted its quarterly earnings results on Wednesday, July 24th. The company reported C$1.64 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.76 by C($0.12). West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. The business had revenue of C$2.33 billion for the quarter, compared to analyst estimates of C$2.21 billion.

West Fraser Timber Stock Down 1.7 %

WFG opened at C$130.85 on Tuesday. West Fraser Timber has a fifty-two week low of C$88.61 and a fifty-two week high of C$141.27. The company has a debt-to-equity ratio of 7.39, a current ratio of 2.33 and a quick ratio of 2.10. The firm’s fifty day moving average price is C$125.64 and its two-hundred day moving average price is C$115.00. The company has a market capitalization of C$10.22 billion, a P/E ratio of 57.39 and a beta of 2.03.

West Fraser Timber Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.98%. West Fraser Timber’s dividend payout ratio is currently 75.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets upgraded shares of West Fraser Timber to a “strong-buy” rating in a research note on Tuesday, July 30th. CIBC lifted their price objective on West Fraser Timber from C$125.00 to C$138.00 and gave the company an “outperform” rating in a report on Monday, July 29th.

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.