West Fraser Timber (NYSE:WFG - Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.74), Zacks reports. West Fraser Timber had a negative net margin of 2.18% and a negative return on equity of 0.84%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.61 billion.
West Fraser Timber Stock Up 1.7%
WFG traded up $1.17 on Friday, reaching $72.12. 217,548 shares of the company traded hands, compared to its average volume of 204,475. West Fraser Timber has a one year low of $69.48 and a one year high of $102.40. The firm has a fifty day simple moving average of $74.61 and a two-hundred day simple moving average of $77.61. The company has a market cap of $5.53 billion, a P/E ratio of -41.21 and a beta of 1.15.
West Fraser Timber Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Thursday, June 26th were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.28 dividend on an annualized basis and a yield of 1.77%. West Fraser Timber's payout ratio is -752.94%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on WFG shares. TD Securities lowered their price objective on shares of West Fraser Timber from $98.00 to $96.00 and set a "buy" rating for the company in a research report on Friday. Wall Street Zen lowered shares of West Fraser Timber from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Raymond James Financial restated a "market perform" rating on shares of West Fraser Timber in a report on Monday. Finally, Royal Bank Of Canada lowered 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 report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $100.00.
View Our Latest Report on West Fraser Timber
Institutional Investors Weigh In On West Fraser Timber
A hedge fund recently raised its stake in West Fraser Timber stock. Goldman Sachs Group Inc. boosted its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,878 shares of the company's stock after buying an additional 6,640 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.30% of West Fraser Timber worth $17,764,000 as of its most recent SEC filing. 40.23% of the stock is owned by institutional investors and hedge funds.
About West Fraser Timber
(
Get Free Report)
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.
Recommended Stories
Before you consider West Fraser Timber, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and West Fraser Timber wasn't on the list.
While West Fraser Timber currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
