Western Forest Products Inc. (TSE:WEF - Free Report) - Stock analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for Western Forest Products in a report released on Thursday, November 7th. Raymond James analyst D. Swetlishoff now expects that the company will earn ($0.15) per share for the year, up from their previous estimate of ($0.17). The consensus estimate for Western Forest Products' current full-year earnings is $0.00 per share.
Western Forest Products (TSE:WEF - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.03). Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. The business had revenue of C$241.70 million during the quarter, compared to the consensus estimate of C$242.00 million.
A number of other research firms also recently issued reports on WEF. CIBC decreased their price objective on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, July 18th. TD Securities decreased their price objective on Western Forest Products from C$0.55 to C$0.50 and set a "hold" rating for the company in a report on Friday.
Get Our Latest Stock Analysis on Western Forest Products
Western Forest Products Trading Down 3.3 %
Shares of Western Forest Products stock traded down C$0.02 during trading hours on Monday, hitting C$0.45. The company's stock had a trading volume of 515,584 shares, compared to its average volume of 371,933. The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73. The company has a market capitalization of C$140.95 million, a PE ratio of -3.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. Western Forest Products has a 12 month low of C$0.41 and a 12 month high of C$0.77. The stock has a 50 day moving average of C$0.49 and a 200 day moving average of C$0.48.
About Western Forest Products
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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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