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

West Fraser Timber (NYSE:WFG - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of ($0.55) per share and revenue of $1.41 billion for the quarter.

West Fraser Timber Price Performance

Shares of WFG stock traded down $0.48 on Friday, hitting $85.37. The company's stock had a trading volume of 133,627 shares, compared to its average volume of 169,923. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of -66.69 and a beta of 1.22. West Fraser Timber has a fifty-two week low of $73.91 and a fifty-two week high of $102.40. The firm's fifty day moving average price is $88.57 and its 200-day moving average price is $90.75.

West Fraser Timber Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, December 27th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, December 27th. This is an increase from West Fraser Timber's previous quarterly dividend of $0.24. West Fraser Timber's dividend payout ratio is -100.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on West Fraser Timber from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Scotiabank decreased their price objective on shares of West Fraser Timber from $120.00 to $109.00 and set a "sector outperform" rating for the company in a report on Monday, February 3rd. Finally, Raymond James dropped their target price on shares of West Fraser Timber from $120.00 to $115.00 in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $111.40.

About West Fraser Timber

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.