What is Scotiabank's Estimate 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) - Equities researchers at Scotiabank reduced their FY2025 EPS estimates for Western Forest Products in a research note issued on Monday, August 11th. Scotiabank analyst B. Isaacson now anticipates that the company will earn ($5.03) per share for the year, down from their previous forecast 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 firms also recently issued reports on WEF. TD Securities decreased their price objective on shares of Western Forest Products from C$16.50 to C$13.50 and set a "hold" rating for the company in a report on Thursday, April 17th. Raymond James Financial raised their price objective on shares of Western Forest Products to C$10.00 in a report on Friday, August 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of 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.

Western Forest Products Stock Performance

Shares of WEF stock opened at C$12.72 on Thursday. The firm has a 50-day moving average of C$12.22 and a 200-day moving average of C$12.33. The company has a market cap of C$4.03 billion, a P/E ratio of -92.20, a P/E/G ratio of 0.32 and a beta of 1.81. The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73. Western Forest Products has a one year low of C$10.80 and a one year high of C$17.40.

Insider Transactions at Western Forest Products

In other news, insider Kernwood Limited bought 35,433 shares of Western Forest Products stock in a transaction that occurred on Wednesday, June 25th. The stock was bought at an average cost of C$11.55 per share, with a total value of C$409,251.15. Over the last ninety days, insiders have purchased 248,382 shares of company stock valued at $2,901,154. Corporate insiders own 0.67% of the company's stock.

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.

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