Raymond James Expects Weaker Earnings for West Fraser Timber

West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) - Equities research analysts at Raymond James reduced their FY2025 earnings estimates for shares of West Fraser Timber in a research report issued on Wednesday, April 30th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn $1.15 per share for the year, down from their prior forecast of $1.70. Raymond James currently has a "Outperform" rating and a $90.00 price objective on the stock. The consensus estimate for West Fraser Timber's current full-year earnings is $4.45 per share. Raymond James also issued estimates for West Fraser Timber's FY2026 earnings at $5.90 EPS.

A number of other research firms also recently weighed in on WFG. Royal Bank of Canada decreased their price objective on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. TD Securities decreased their price target on West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Scotiabank cut their price objective on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $100.40.

West Fraser Timber Trading Up 0.9 %

Shares of WFG stock opened at $74.89 on Monday. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of -356.62 and a beta of 1.21. The business's 50-day moving average price is $75.54 and its 200-day moving average price is $84.61. West Fraser Timber has a 12 month low of $69.48 and a 12 month high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.15). The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.53 billion. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%.

Institutional Investors Weigh In On West Fraser Timber

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Genus Capital Management Inc. grew its stake in West Fraser Timber by 202.9% during the first quarter. Genus Capital Management Inc. now owns 84,374 shares of the company's stock valued at $6,480,000 after acquiring an additional 166,386 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of West Fraser Timber by 0.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 34,717 shares of the company's stock valued at $2,607,000 after purchasing an additional 251 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of West Fraser Timber by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 27,855 shares of the company's stock worth $2,141,000 after purchasing an additional 3,266 shares during the period. Principal Financial Group Inc. raised its position in shares of West Fraser Timber by 33.3% in the first quarter. Principal Financial Group Inc. now owns 16,263 shares of the company's stock worth $1,249,000 after buying an additional 4,061 shares in the last quarter. Finally, Wealthquest Corp bought a new stake in West Fraser Timber during the first quarter valued at $2,188,000. 40.23% of the stock is currently owned by institutional investors.

West Fraser Timber Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th were given a dividend of $0.32 per share. The ex-dividend date was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.71%. 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.

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