Western Forest Products Inc. (TSE:WEF - Free Report) - Equities researchers at Raymond James cut their FY2024 earnings per share (EPS) estimates for Western Forest Products in a research note issued to investors on Monday, October 21st. Raymond James analyst D. Swetlishoff now forecasts that the company will earn ($0.17) per share for the year, down from their previous forecast of ($0.12). The consensus estimate for Western Forest Products' current full-year earnings is $0.00 per share. Raymond James also issued estimates for Western Forest Products' FY2025 earnings at ($0.13) EPS.
A number of other brokerages also recently weighed in on WEF. TD Securities lowered their target price on Western Forest Products from C$0.60 to C$0.50 in a report on Tuesday, July 23rd. Royal Bank of Canada dropped their target price on shares of Western Forest Products from C$0.80 to C$0.70 in a research report on Thursday, July 11th. Finally, CIBC decreased their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday, July 18th.
Read Our Latest Research Report on Western Forest Products
Western Forest Products Price Performance
Western Forest Products stock remained flat at C$0.50 during trading hours on Thursday. The company's stock had a trading volume of 61,743 shares, compared to its average volume of 366,453. The stock's fifty day moving average price is C$0.48 and its 200 day moving average price is C$0.49. Western Forest Products has a 52-week low of C$0.41 and a 52-week high of C$0.81. The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73. The firm has a market cap of C$156.79 million, a price-to-earnings ratio of -3.57, a PEG ratio of 0.32 and a beta of 1.81.
Western Forest Products (TSE:WEF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C($0.01) earnings per share for the quarter, topping the consensus estimate of C($0.03) by C$0.02. The company had revenue of C$309.50 million during the quarter, compared to analysts' expectations of C$258.00 million. Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%.
Western Forest Products Company Profile
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Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.
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