West Fraser Timber (NYSE:WFG) Releases Earnings Results, Misses Estimates By $0.15 EPS

West Fraser Timber (NYSE:WFG - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15), Zacks reports. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.53 billion.

West Fraser Timber Stock Performance

West Fraser Timber stock traded up $0.78 during trading hours on Friday, hitting $73.51. 169,819 shares of the stock were exchanged, compared to its average volume of 176,327. The stock has a market capitalization of $5.67 billion, a P/E ratio of -350.05 and a beta of 1.21. The business's 50-day moving average is $75.99 and its two-hundred day moving average is $85.60. West Fraser Timber has a 12 month low of $69.48 and a 12 month high of $102.40.

West Fraser Timber Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 14th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 14th. West Fraser Timber's dividend payout ratio is currently -752.94%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Raymond James cut their target price on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada reduced their price objective 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. TD Securities lowered their target price on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Scotiabank cut their price target on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating for the company in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $100.40.

West Fraser Timber Company Profile

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.