Q1 Earnings Forecast for WFG Issued By Scotiabank

West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) - Investment analysts at Scotiabank issued their Q1 2025 earnings estimates for West Fraser Timber in a report issued on Tuesday, February 18th. Scotiabank analyst B. Isaacson expects that the company will post earnings of $0.53 per share for the quarter. Scotiabank currently has a "Sector Outperform" rating and a $100.00 price target on the stock. The consensus estimate for West Fraser Timber's current full-year earnings is $5.14 per share.

A number of other brokerages also recently weighed in on WFG. Raymond James decreased their price target on West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. TD Securities decreased their price target on West Fraser Timber from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $106.00.

West Fraser Timber Stock Down 1.6 %

WFG traded down $1.32 during trading on Thursday, reaching $78.91. 127,799 shares of the stock traded hands, compared to its average volume of 184,741. The stock's 50-day moving average is $86.16 and its 200 day moving average is $90.41. West Fraser Timber has a 12 month low of $73.91 and a 12 month high of $102.40. The stock has a market capitalization of $6.13 billion, a PE ratio of -375.77 and a beta of 1.22.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate 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%.

West Fraser Timber Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. West Fraser Timber's dividend payout ratio is currently -609.52%.

Hedge Funds Weigh In On West Fraser Timber

Several hedge funds have recently modified their holdings of WFG. Creative Planning raised its holdings in shares of West Fraser Timber by 69.8% in the 3rd quarter. Creative Planning now owns 7,059 shares of the company's stock worth $687,000 after purchasing an additional 2,901 shares during the period. Signaturefd LLC raised its holdings in shares of West Fraser Timber by 77.4% in the 3rd quarter. Signaturefd LLC now owns 880 shares of the company's stock worth $86,000 after purchasing an additional 384 shares during the period. International Assets Investment Management LLC bought a new stake in shares of West Fraser Timber in the 3rd quarter worth approximately $12,370,000. DekaBank Deutsche Girozentrale raised its holdings in shares of West Fraser Timber by 1.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 34,466 shares of the company's stock worth $3,285,000 after purchasing an additional 532 shares during the period. Finally, US Bancorp DE raised its holdings in shares of West Fraser Timber by 82.9% in the 3rd quarter. US Bancorp DE now owns 1,284 shares of the company's stock worth $125,000 after purchasing an additional 582 shares during the period. Institutional investors own 40.23% of the company's stock.

About West Fraser Timber

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.