Western Forest Products (TSE:WEF - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Western Forest Products to post earnings of C($0.01) per share for the quarter.
Western Forest Products (TSE:WEF - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported C($0.01) EPS for the quarter, beating the consensus estimate of C($0.03) by C$0.02. The firm had revenue of C$309.50 million for the quarter, compared to analyst estimates 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 Trading Down 1.0 %
Western Forest Products stock traded down C$0.01 during mid-day trading on Wednesday, hitting C$0.51. The company's stock had a trading volume of 184,163 shares, compared to its average volume of 363,886. The stock's fifty day moving average is C$0.48 and its two-hundred day moving average is C$0.49. The company has a current ratio of 2.97, a quick ratio of 0.73 and a debt-to-equity ratio of 18.43. The firm has a market capitalization of C$159.96 million, a PE ratio of -3.64, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. Western Forest Products has a 1 year low of C$0.41 and a 1 year high of C$0.81.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Western Forest Products from C$0.80 to C$0.70 in a research note on Thursday, July 11th. 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. Finally, CIBC decreased their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th.
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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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