West Fraser Timber (NYSE:WFG) Issues Earnings Results

West Fraser Timber (NYSE:WFG) released its quarterly earnings results on Tuesday. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.48, Briefing.com reports. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.47 billion. West Fraser Timber had a negative net margin of 1.39% and a positive return on equity of 2.34%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.52) earnings per share.

West Fraser Timber Trading Up 0.1 %

WFG opened at $78.72 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.26 and a quick ratio of 1.45. The company has a market cap of $6.25 billion, a price-to-earnings ratio of -65.06 and a beta of 1.15. The firm has a 50 day simple moving average of $81.46 and a 200 day simple moving average of $78.70. West Fraser Timber has a fifty-two week low of $64.11 and a fifty-two week high of $90.17.

West Fraser Timber Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 14th. West Fraser Timber’s dividend payout ratio (DPR) is -49.59%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Raymond James upped their target price on shares of West Fraser Timber from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 6th. TD Securities upped their target price on shares of West Fraser Timber from $115.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Scotiabank set a $100.00 target price on shares of West Fraser Timber and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $97.00 target price on shares of West Fraser Timber in a research report on Thursday, March 28th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $106.25.

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.