FY2025 Earnings Forecast for WFG Issued By Raymond James

West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) - Analysts at Raymond James upped their FY2025 earnings per share estimates for shares of West Fraser Timber in a research report issued on Wednesday, April 23rd. Raymond James analyst D. Swetlishoff now forecasts that the company will earn $1.70 per share for the year, up from their prior forecast of $1.53. Raymond James has a "Outperform" rating and a $90.00 price target on the stock. The consensus estimate for West Fraser Timber's current full-year earnings is $4.45 per share.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.15). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.53 billion. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%.

WFG has been the topic of several other research reports. Royal Bank of Canada dropped their price target on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. TD Securities decreased their price target on West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, West Fraser Timber has a consensus rating of "Buy" and an average target price of $100.40.

West Fraser Timber Stock Up 1.1 %

NYSE:WFG traded up $0.78 during trading hours on Friday, hitting $73.51. 169,819 shares of the stock were exchanged, compared to its average volume of 176,327. The company has a market capitalization of $5.67 billion, a P/E ratio of -350.05 and a beta of 1.21. West Fraser Timber has a twelve month low of $69.48 and a twelve month high of $102.40. The company's 50 day moving average is $75.99 and its two-hundred day moving average is $85.50.

Institutional Trading of West Fraser Timber

Several hedge funds have recently bought and sold shares of WFG. Headlands Technologies LLC bought a new position in shares of West Fraser Timber in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of West Fraser Timber in the fourth quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of West Fraser Timber during the fourth quarter worth $52,000. GAMMA Investing LLC increased its position in shares of West Fraser Timber by 7,588.9% during the first quarter. GAMMA Investing LLC now owns 692 shares of the company's stock valued at $53,000 after buying an additional 683 shares during the period. Finally, Signaturefd LLC boosted its holdings in West Fraser Timber by 22.5% in the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock valued at $93,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 40.23% of the company's stock.

West Fraser Timber Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, March 14th. West Fraser Timber's dividend payout ratio is currently -752.94%.

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.