West Fraser Timber Co. Ltd. (TSE:WFG – Free Report) – Equities research analysts at Scotiabank cut their Q3 2024 earnings per share estimates for West Fraser Timber in a report released on Monday, October 21st. Scotiabank analyst B. Isaacson now expects that the company will post earnings of ($0.62) per share for the quarter, down from their prior estimate of ($0.22). The consensus estimate for West Fraser Timber’s current full-year earnings is $8.12 per share.
West Fraser Timber (TSE:WFG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported C$1.64 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.76 by C($0.12). West Fraser Timber had a net margin of 2.21% and a return on equity of 1.98%. The company had revenue of C$2.33 billion during the quarter, compared to the consensus estimate of C$2.21 billion.
Check Out Our Latest Report on West Fraser Timber
West Fraser Timber Stock Up 1.2 %
Shares of TSE WFG opened at C$132.46 on Thursday. West Fraser Timber has a 52-week low of C$88.61 and a 52-week high of C$141.27. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 2.33. The business has a fifty day moving average of C$126.42 and a two-hundred day moving average of C$115.40. The stock has a market cap of C$10.34 billion, a PE ratio of 58.10 and a beta of 2.03.
West Fraser Timber Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 26th were paid a $0.32 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. West Fraser Timber’s dividend payout ratio (DPR) is presently 75.88%.
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.
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