West Fraser Timber (TSE:WFG – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported C($1.41) EPS for the quarter, missing analysts’ consensus estimates of C($0.62) by C($0.79), reports. The firm had revenue of C$1.96 billion for the quarter, compared to the consensus estimate of C$2.01 billion. West Fraser Timber had a net margin of 2.21% and a return on equity of 1.98%.
West Fraser Timber Price Performance
WFG stock opened at C$135.46 on Friday. The stock has a market capitalization of C$10.58 billion, a PE ratio of 59.41 and a beta of 2.03. The company’s 50-day moving average is C$126.80 and its 200-day moving average is C$115.54. The company has a debt-to-equity ratio of 7.39, a current ratio of 2.33 and a quick ratio of 2.10. West Fraser Timber has a 1 year low of C$88.61 and a 1 year high of C$141.27.
West Fraser Timber Cuts Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.94%. West Fraser Timber’s dividend payout ratio (DPR) is presently 75.88%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on WFG
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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