West Fraser Timber (NYSE:WFG – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.09), Briefing.com reports. West Fraser Timber had a return on equity of 3.82% and a net margin of 2.23%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm earned ($0.03) earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year.
West Fraser Timber Stock Performance
Shares of NYSE WFG traded up $2.39 during trading hours on Friday, reaching $87.12. The stock had a trading volume of 116,243 shares, compared to its average volume of 167,521. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.33 and a quick ratio of 1.33. The business’s fifty day moving average is $78.56 and its two-hundred day moving average is $80.13. West Fraser Timber has a twelve month low of $64.11 and a twelve month high of $89.57. The company has a market cap of $6.87 billion, a price-to-earnings ratio of -70.92 and a beta of 1.16.
West Fraser Timber Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Wednesday, June 26th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.47%. West Fraser Timber’s payout ratio is -105.78%.
Analysts Set New Price Targets
Get Our Latest Analysis on WFG
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.
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