Q4 Earnings Estimate for WFG Issued By Scotiabank

West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) - Stock analysts at Scotiabank issued their Q4 2024 earnings per share estimates for shares of West Fraser Timber in a research report issued on Tuesday, January 21st. Scotiabank analyst B. Isaacson forecasts that the company will earn $0.06 per share for the quarter. Scotiabank currently has a "Sector Outperform" rating and a $120.00 target price on the stock. The consensus estimate for West Fraser Timber's current full-year earnings is $0.95 per share.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($1.03) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.87). West Fraser Timber had a positive return on equity of 0.53% and a negative net margin of 1.53%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $1.81 EPS.

A number of other brokerages also recently commented on WFG. BMO Capital Markets boosted their price objective on shares of West Fraser Timber from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Raymond James downgraded shares of West Fraser Timber from a "strong-buy" rating to a "moderate buy" rating and dropped their price target for the stock from $120.00 to $115.00 in a research note on Monday. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $113.60.

West Fraser Timber Trading Down 1.4 %

NYSE:WFG traded down $1.31 on Wednesday, hitting $90.75. 147,976 shares of the company's stock traded hands, compared to its average volume of 172,790. The firm has a 50-day moving average price of $90.53 and a 200-day moving average price of $89.92. The company has a market cap of $7.05 billion, a PE ratio of -70.90 and a beta of 1.22. West Fraser Timber has a 1 year low of $73.91 and a 1 year high of $102.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in West Fraser Timber by 22.5% during the third quarter. FMR LLC now owns 1,447,823 shares of the company's stock valued at $141,047,000 after purchasing an additional 266,298 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in West Fraser Timber by 37.1% in the third quarter. Thrivent Financial for Lutherans now owns 939,079 shares of the company's stock worth $91,429,000 after purchasing an additional 254,220 shares during the period. Vontobel Holding Ltd. boosted its position in shares of West Fraser Timber by 7.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 571,583 shares of the company's stock valued at $55,683,000 after acquiring an additional 39,651 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of West Fraser Timber by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 305,316 shares of the company's stock valued at $29,777,000 after purchasing an additional 4,945 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of West Fraser Timber by 128.0% in the 3rd quarter. Cerity Partners LLC now owns 247,400 shares of the company's stock worth $24,087,000 after buying an additional 138,871 shares in the last quarter. 40.23% of the stock is owned by institutional investors.

West Fraser Timber Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, December 27th were issued a dividend of $0.32 per share. This is a positive change from West Fraser Timber's previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, December 27th. West Fraser Timber's dividend payout ratio (DPR) is -100.00%.

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.