Scotiabank Cuts Earnings Estimates for West Fraser Timber

West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) - Equities research analysts at Scotiabank lowered their Q2 2025 EPS estimates for shares of West Fraser Timber in a research report issued to clients and investors on Monday, July 21st. Scotiabank analyst B. Isaacson now expects that the company will post earnings of $0.95 per share for the quarter, down from their prior estimate of $1.07. The consensus estimate for West Fraser Timber's current full-year earnings is $4.45 per share.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.74). The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.61 billion. West Fraser Timber had a negative net margin of 2.18% and a negative return on equity of 0.84%.

A number of other research analysts have also commented on the stock. Raymond James Financial restated a "market perform" rating on shares of West Fraser Timber in a research report on Monday. TD Securities cut their target price on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Royal Bank Of Canada cut their target price on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Wall Street Zen lowered shares of West Fraser Timber from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, West Fraser Timber presently has a consensus rating of "Moderate Buy" and an average price target of $100.40.

West Fraser Timber Trading Up 0.3%

Shares of WFG traded up $0.23 during mid-day trading on Tuesday, reaching $71.18. 57,662 shares of the stock traded hands, compared to its average volume of 203,308. The firm has a fifty day moving average price of $74.61 and a 200 day moving average price of $77.61. The company has a market cap of $5.46 billion, a price-to-earnings ratio of -40.75 and a beta of 1.15. West Fraser Timber has a 1 year low of $69.48 and a 1 year high of $102.40.

Institutional Trading of West Fraser Timber

Several hedge funds have recently added to or reduced their stakes in the business. FIL Ltd lifted its stake in West Fraser Timber by 35.5% in the fourth quarter. FIL Ltd now owns 5,041,873 shares of the company's stock worth $436,861,000 after purchasing an additional 1,319,843 shares during the last quarter. Royal Bank of Canada lifted its stake in West Fraser Timber by 0.3% in the fourth quarter. Royal Bank of Canada now owns 2,980,619 shares of the company's stock worth $257,974,000 after purchasing an additional 8,760 shares during the last quarter. Vanguard Group Inc. lifted its stake in West Fraser Timber by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,876,409 shares of the company's stock worth $220,931,000 after purchasing an additional 29,746 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in West Fraser Timber by 10.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,394,607 shares of the company's stock worth $184,242,000 after purchasing an additional 232,558 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in West Fraser Timber by 5.0% in the first quarter. 1832 Asset Management L.P. now owns 1,425,094 shares of the company's stock worth $109,647,000 after purchasing an additional 68,016 shares during the last quarter. 40.23% of the stock is owned by institutional investors.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Thursday, June 26th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.80%. The ex-dividend date was Thursday, June 26th. West Fraser Timber's dividend payout ratio is presently -752.94%.

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.