West Fraser Timber (WFG) to Release Earnings on Tuesday

West Fraser Timber (TSE:WFG - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect West Fraser Timber to post earnings of C($0.08) per share for the quarter.

West Fraser Timber (TSE:WFG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.38) by C$0.07. West Fraser Timber had a negative net margin of 2.59% and a negative return on equity of 2.25%. The business had revenue of C$2.06 billion for the quarter.

West Fraser Timber Stock Down 0.5 %

Shares of WFG stock traded down C$0.54 during trading hours on Tuesday, reaching C$107.70. 241,897 shares of the stock were exchanged, compared to its average volume of 184,077. The firm has a market capitalization of C$8.54 billion, a P/E ratio of -39.45 and a beta of 2.08. West Fraser Timber has a 12-month low of C$88.61 and a 12-month high of C$121.64. The company has a debt-to-equity ratio of 7.45, a current ratio of 2.26 and a quick ratio of 2.10. The business's fifty day moving average is C$110.30 and its two-hundred day moving average is C$106.20.

West Fraser Timber Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a dividend of $0.403 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, March 14th. West Fraser Timber's dividend payout ratio is presently -59.34%.

Analysts Set New Price Targets

Several research firms have commented on WFG. Royal Bank of Canada lowered their price target on West Fraser Timber from C$95.00 to C$90.00 and set an "outperform" rating for the company in a report on Tuesday, December 19th. CIBC boosted their price target on West Fraser Timber from C$131.00 to C$140.00 in a report on Thursday, April 11th.

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.