West Fraser Timber (NYSE:WFG - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.55) by $0.63, Zacks reports. West Fraser Timber had a positive return on equity of 0.53% and a negative net margin of 1.53%.
West Fraser Timber Price Performance
Shares of WFG traded down $0.62 during trading hours on Friday, hitting $79.96. 274,468 shares of the company were exchanged, compared to its average volume of 169,923. The company has a market capitalization of $6.21 billion, a PE ratio of -62.47 and a beta of 1.22. The firm has a fifty day simple moving average of $87.40 and a 200-day simple moving average of $90.68. West Fraser Timber has a one year low of $73.91 and a one year high of $102.40.
West Fraser Timber Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, March 14th. West Fraser Timber's dividend payout ratio is presently -609.52%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports 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 research note on Thursday. 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 research note on Friday. BMO Capital Markets increased their price target on West Fraser Timber from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Scotiabank reduced their price objective on West Fraser Timber from $120.00 to $109.00 and set a "sector outperform" rating for the company in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $107.80.
View Our Latest Analysis on WFG
West Fraser Timber Company Profile
(
Get Free Report)
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.
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