West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) - Analysts at Scotiabank issued their Q2 2024 EPS estimates for shares of West Fraser Timber in a report released on Monday, April 29th. Scotiabank analyst B. Isaacson expects that the company will post earnings per share of $1.29 for the quarter. Scotiabank currently has a "Outperform" rating and a $100.00 target price on the stock. The consensus estimate for West Fraser Timber's current full-year earnings is $3.56 per share. Scotiabank also issued estimates for West Fraser Timber's FY2025 earnings at $6.91 EPS.
West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.48. West Fraser Timber had a negative net margin of 1.39% and a positive return on equity of 2.35%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the business earned ($0.52) EPS. The company's revenue was up .0% on a year-over-year basis.
Several other brokerages have also commented on WFG. Raymond James lifted their price target on shares of West Fraser Timber from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, February 6th. TD Securities lifted their price target on shares of West Fraser Timber from $115.00 to $118.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $97.00 price target on shares of West Fraser Timber in a research note on Thursday, March 28th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $106.25.
Read Our Latest Research Report on WFG
West Fraser Timber Stock Up 0.6 %
Shares of WFG traded up $0.46 during midday trading on Wednesday, reaching $77.02. The stock had a trading volume of 164,375 shares, compared to its average volume of 148,801. The company's fifty day simple moving average is $81.30 and its two-hundred day simple moving average is $79.07. West Fraser Timber has a 1-year low of $64.11 and a 1-year high of $90.17. 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 company has a market cap of $6.12 billion, a price-to-earnings ratio of -63.65 and a beta of 1.15.
West Fraser Timber Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, March 14th. West Fraser Timber's payout ratio is -49.59%.
Institutional Trading of West Fraser Timber
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bfsg LLC purchased a new stake in shares of West Fraser Timber in the fourth quarter valued at about $42,000. Accordant Advisory Group Inc acquired a new position in West Fraser Timber during the first quarter worth about $43,000. ICA Group Wealth Management LLC acquired a new position in West Fraser Timber during the fourth quarter worth about $43,000. Tower Research Capital LLC TRC acquired a new position in West Fraser Timber during the fourth quarter worth about $78,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in West Fraser Timber during the first quarter worth about $103,000. Hedge funds and other institutional investors own 40.23% of the company's stock.
About West Fraser Timber
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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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