West Fraser Timber (NYSE:WFG) Issues Earnings Results

West Fraser Timber (NYSE:WFG) released its quarterly earnings data on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.48, Briefing.com reports. West Fraser Timber had a negative net margin of 2.59% and a positive return on equity of 1.29%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm earned ($0.52) earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis.

West Fraser Timber Trading Up 1.1 %

NYSE:WFG traded up $0.88 on Wednesday, hitting $79.49. 40,877 shares of the stock were exchanged, compared to its average volume of 141,043. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of -37.73 and a beta of 1.15. West Fraser Timber has a 52 week low of $64.11 and a 52 week high of $90.17. The company’s 50-day moving average price is $81.46 and its 200 day moving average price is $78.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.26.

West Fraser Timber Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.51%. West Fraser Timber’s dividend payout ratio (DPR) is currently -27.91%.

Analyst Ratings Changes

A number of research analysts have weighed in on WFG shares. Scotiabank set a $100.00 price objective on shares of West Fraser Timber and gave the company an “outperform” rating in a report on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $97.00 target price on shares of West Fraser Timber in a report on Thursday, March 28th. TD Securities upped their price objective on shares of West Fraser Timber from $115.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Raymond James increased their price objective on shares of West Fraser Timber from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, West Fraser Timber presently has a consensus rating of “Buy” and a consensus target price of $106.25.

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.