West Fraser Timber (NYSE:WFG) Posts Quarterly Earnings Results, Misses Estimates By $0.27 EPS

West Fraser Timber (NYSE:WFG) released its earnings results on Wednesday. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.27), reports. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.42 billion. West Fraser Timber had a negative return on equity of 10.84% and a negative net margin of 22.98%.

West Fraser Timber Stock Down 0.6%

Shares of NYSE WFG traded down $0.42 during mid-day trading on Thursday, reaching $68.24. The company had a trading volume of 227,277 shares, compared to its average volume of 215,375. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 2.06. West Fraser Timber has a 12-month low of $57.34 and a 12-month high of $76.99. The stock has a fifty day moving average of $68.41 and a two-hundred day moving average of $67.30. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of -4.42 and a beta of 1.06.

West Fraser Timber Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 19th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. West Fraser Timber’s dividend payout ratio (DPR) is presently -8.29%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Zacks Research raised shares of West Fraser Timber from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Wall Street Zen upgraded West Fraser Timber from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings cut West Fraser Timber from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, July 31st. Raymond James Financial lowered their price objective on shares of West Fraser Timber from $85.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada reduced their price objective on shares of West Fraser Timber from $83.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, West Fraser Timber presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.80.

About West Fraser Timber

West Fraser Timber Co Ltd. is a diversified wood products company that manufactures and sells building materials for residential, commercial and industrial applications. Its principal products include lumber, oriented strand board, laminated veneer lumber and other engineered wood products used in construction, remodeling and manufacturing.

The company operates wood product manufacturing facilities and manages timber resources across Canada and the United States, with a significant presence in Western Canada and the U.S.