West Fraser Timber (NYSE:WFG - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.53 per share and revenue of $1.53 billion for the quarter.
West Fraser Timber (NYSE:WFG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. On average, analysts expect West Fraser Timber to post $4 EPS for the current fiscal year and $8 EPS for the next fiscal year.
West Fraser Timber Stock Performance
Shares of West Fraser Timber stock traded up $0.02 on Friday, hitting $73.31. 110,285 shares of the company traded hands, compared to its average volume of 176,376. West Fraser Timber has a 52 week low of $69.48 and a 52 week high of $102.40. The business has a 50-day simple moving average of $76.99 and a 200 day simple moving average of $86.72. The stock has a market capitalization of $5.67 billion, a P/E ratio of -349.08 and a beta of 1.21.
West Fraser Timber Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.75%. West Fraser Timber's dividend payout ratio is currently -609.52%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on WFG shares. Scotiabank reduced their price target on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, February 18th. Raymond James decreased their price objective on West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, TD Securities dropped their target price on West Fraser Timber from $110.00 to $99.00 and set a "buy" rating for the company in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, West Fraser Timber currently has an average rating of "Buy" and a consensus target price of $103.80.
View Our Latest Research Report on WFG
About West Fraser Timber
(
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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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