West Fraser Timber (NYSE:WFG) Announces Earnings Results

West Fraser Timber (NYSE:WFG) announced its quarterly earnings data on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.48, Briefing.com reports. West Fraser Timber had a negative net margin of 1.39% and a positive return on equity of 2.35%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the company posted ($0.52) EPS. The business’s revenue was up .0% on a year-over-year basis.

West Fraser Timber Trading Down 0.1 %

WFG traded down $0.09 during mid-day trading on Friday, reaching $78.80. The stock had a trading volume of 14,695 shares, compared to its average volume of 144,010. The stock has a market capitalization of $6.26 billion, a P/E ratio of -65.21 and a beta of 1.15. West Fraser Timber has a 52 week low of $64.11 and a 52 week high of $90.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.33. The firm’s fifty day simple moving average is $81.42 and its two-hundred day simple moving average is $78.70.

West Fraser Timber Dividend Announcement

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

Analyst Upgrades and Downgrades

WFG has been the topic of several analyst reports. Scotiabank set a $100.00 price objective on West Fraser Timber and gave the company an “outperform” rating in a research note on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $97.00 price objective on shares of West Fraser Timber in a research note on Thursday, March 28th. TD Securities boosted their target price on shares of West Fraser Timber from $115.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Raymond James increased 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. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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.