West Fraser Timber (WFG) Projected to Post Quarterly Earnings on Tuesday

West Fraser Timber (NYSE:WFG) is expected to be releasing its earnings data after the market closes on Tuesday, April 22nd. Analysts expect West Fraser Timber to post earnings of $0.53 per share and revenue of $1.53 billion for the quarter.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.63. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. On average, analysts expect West Fraser Timber to post $4 EPS for the current fiscal year and $8 EPS for the next fiscal year.

West Fraser Timber Stock Up 0.0 %

Shares of West Fraser Timber stock opened at $73.31 on Monday. West Fraser Timber has a twelve month low of $69.48 and a twelve month high of $102.40. The company has a market cap of $5.65 billion, a price-to-earnings ratio of -349.08 and a beta of 1.21. The company’s 50 day moving average is $76.76 and its 200 day moving average is $86.38.

West Fraser Timber Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.75%. West Fraser Timber’s dividend payout ratio is currently -609.52%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WFG shares. TD Securities dropped their price objective on shares of West Fraser Timber from $110.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank decreased their target price on shares of West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, February 18th. Finally, Raymond James dropped their price target on shares of West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $103.80.

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.