West Fraser Timber (WFG) Set to Announce Earnings on Wednesday

West Fraser Timber (TSE:WFG - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect West Fraser Timber to post earnings of C($0.22) per share for the quarter.

West Fraser Timber (TSE:WFG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported C$1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.76 by C($0.12). West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. The business had revenue of C$2.33 billion during the quarter, compared to the consensus estimate of C$2.21 billion.

West Fraser Timber Stock Down 3.3 %

TSE:WFG traded down C$4.60 during mid-day trading on Wednesday, hitting C$134.58. 232,919 shares of the company's stock were exchanged, compared to its average volume of 161,530. The company has a market cap of C$10.51 billion, a PE ratio of 59.96 and a beta of 2.03. The company has a debt-to-equity ratio of 7.39, a current ratio of 2.33 and a quick ratio of 2.10. West Fraser Timber has a one year low of C$88.61 and a one year high of C$141.27. The business has a fifty day moving average price of C$124.30 and a 200 day moving average price of C$114.53.

West Fraser Timber Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 26th were given a $0.32 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%. West Fraser Timber's dividend payout ratio is currently 75.88%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WFG. BMO Capital Markets raised West Fraser Timber to a "strong-buy" rating in a research report on Tuesday, July 30th. CIBC lifted their price target on West Fraser Timber from C$125.00 to C$138.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th.

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.