Scotiabank Has Weak Forecast for TSE:WEF FY2025 Earnings

Key Points

• Scotiabank has significantly reduced its FY2025 earnings per share (EPS) estimate for Western Forest Products, now projecting a loss of ($5.03) per share, down from its previous estimate of ($2.60).
• Other firms have adjusted their price targets on Western Forest Products, with TD Securities lowering it from C$16.50 to C$13.50 and Royal Bank of Canada from C$21.00 to C$15.00.
• Corporate insiders recently purchased 248,382 shares of Western Forest Products stock, demonstrating confidence in the company despite recent earnings revisions.

Western Forest Products Inc. (TSE:WEF - Free Report) - Research analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for Western Forest Products in a report issued on Monday, August 11th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings of ($5.03) per share for the year, down from their prior estimate of ($2.60). The consensus estimate for Western Forest Products' current full-year earnings is $0.00 per share. Scotiabank also issued estimates for Western Forest Products' FY2026 earnings at ($4.17) EPS.

A number of other research analysts also recently issued reports on WEF. Royal Bank Of Canada decreased their price target on Western Forest Products from C$21.00 to C$15.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial boosted their price objective on Western Forest Products to C$10.00 in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$13.38.

Western Forest Products Stock Performance

TSE:WEF traded down C$0.37 during trading hours on Thursday, reaching C$12.49. The company had a trading volume of 15,178 shares, compared to its average volume of 13,962. Western Forest Products has a 1-year low of C$10.80 and a 1-year high of C$17.40. The firm has a market cap of C$3.96 billion, a PE ratio of -90.53, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The business's 50 day moving average price is C$12.24 and its 200-day moving average price is C$12.34. The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73.

Insider Activity at Western Forest Products

In other news, insider Kernwood Limited purchased 35,433 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of C$11.55 per share, for a total transaction of C$409,251.15. Insiders purchased 248,382 shares of company stock worth $2,901,154 in the last three months. 0.67% of the stock is currently owned by insiders.

Western Forest Products Company Profile

Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.