Raymond James Financial Weighs in on WFG FY2027 Earnings

Key Points

• Raymond James Financial has projected West Fraser Timber's FY2027 earnings per share at $3.02, with a "Market Perform" rating and a price target of $70.00.
• West Fraser Timber reported a quarterly earnings miss, with an EPS of ($0.38), falling short of the consensus estimate of $0.36.
• The company recently announced a quarterly dividend of $0.32 per share, reflecting an annualized dividend yield of 1.9%.

West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) - Equities researchers at Raymond James Financial issued their FY2027 earnings per share estimates for West Fraser Timber in a report released on Wednesday, October 15th. Raymond James Financial analyst D. Swetlishoff forecasts that the company will post earnings per share of $3.02 for the year. Raymond James Financial has a "Market Perform" rating and a $70.00 price target on the stock. 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 earnings results on Wednesday, July 23rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.74). The company had revenue of $1.53 billion during 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 0.85%.

Other research analysts have also issued reports about the company. Zacks Research upgraded West Fraser Timber from a "strong sell" rating to a "hold" rating in a report on Friday, September 26th. Weiss Ratings restated a "sell (d)" rating on shares of West Fraser Timber in a research note on Wednesday, October 8th. TD Securities cut their price target on West Fraser Timber from $98.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Finally, Wall Street Zen cut West Fraser Timber from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $96.00.

West Fraser Timber Trading Down 2.3%

NYSE:WFG opened at $67.11 on Friday. The firm has a market cap of $5.29 billion, a PE ratio of -38.35 and a beta of 1.13. The stock has a fifty day moving average price of $71.66 and a 200 day moving average price of $73.22. West Fraser Timber has a 12-month low of $66.36 and a 12-month high of $100.33. The company has a current ratio of 2.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.04.

Institutional Trading of West Fraser Timber

Hedge funds and other institutional investors have recently made changes to their positions in the company. Inspire Advisors LLC lifted its stake in West Fraser Timber by 3.3% in the 1st quarter. Inspire Advisors LLC now owns 4,637 shares of the company's stock valued at $357,000 after buying an additional 146 shares in the last quarter. Comprehensive Money Management Services LLC lifted its stake in West Fraser Timber by 3.8% in the 1st quarter. Comprehensive Money Management Services LLC now owns 4,065 shares of the company's stock valued at $313,000 after buying an additional 150 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in West Fraser Timber by 6.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,806 shares of the company's stock valued at $216,000 after buying an additional 181 shares in the last quarter. MGO One Seven LLC raised its holdings in West Fraser Timber by 2.6% in the 2nd quarter. MGO One Seven LLC now owns 8,868 shares of the company's stock valued at $650,000 after acquiring an additional 227 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in West Fraser Timber by 1.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 19,427 shares of the company's stock valued at $1,424,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock.

West Fraser Timber Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Thursday, September 25th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, September 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. West Fraser Timber's payout ratio is -73.14%.

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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