West Fraser Timber (NYSE:WFG - Get Free Report) issued its earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.48, Briefing.com reports. West Fraser Timber had a positive return on equity of 1.29% and a negative net margin of 2.59%. The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter last year, the firm earned ($0.52) earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year.
West Fraser Timber Stock Up 0.1 %
Shares of NYSE WFG traded up $0.11 during midday trading on Wednesday, reaching $78.72. 269,562 shares of the company's stock were exchanged, compared to its average volume of 144,005. The stock has a market capitalization of $6.25 billion, a PE ratio of -36.61 and a beta of 1.15. West Fraser Timber has a 52-week low of $64.11 and a 52-week high of $90.17. The business's fifty day moving average price is $81.46 and its two-hundred day moving average price is $78.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.26.
West Fraser Timber Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Thursday, March 14th. West Fraser Timber's payout ratio is -27.91%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on WFG. TD Securities lifted their target price on West Fraser Timber from $115.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Royal Bank of Canada reissued an "outperform" rating and issued a $97.00 price objective on shares of West Fraser Timber in a research report on Thursday, March 28th. Scotiabank set a $100.00 price objective on West Fraser Timber and gave the company an "outperform" rating in a research report on Monday, January 22nd. Finally, Raymond James raised their price objective on West Fraser Timber from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Tuesday, February 6th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, West Fraser Timber has a consensus rating of "Buy" and a consensus target price of $106.25.
Read Our Latest Research Report on WFG
West Fraser Timber Company Profile
(
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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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