West Fraser Timber Co. Ltd. (WFG) To Go Ex-Dividend on June 25th

West Fraser Timber Co. Ltd. (NYSE:WFG) declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Thursday, June 25th will be given a dividend of 0.32 per share on Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, June 25th.

West Fraser Timber has a dividend payout ratio of 21.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect West Fraser Timber to earn $1.37 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 93.4%.

West Fraser Timber Stock Up 1.3%

NYSE WFG opened at $66.79 on Friday. West Fraser Timber has a 52 week low of $57.34 and a 52 week high of $78.55. The company has a quick ratio of 0.66, a current ratio of 1.84 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $64.32 and its 200-day simple moving average is $65.06. The firm has a market cap of $5.23 billion, a PE ratio of -4.44 and a beta of 0.99.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($2.40) EPS for the quarter, missing the consensus estimate of ($1.23) by ($1.17). West Fraser Timber had a negative return on equity of 9.67% and a negative net margin of 21.86%.The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. As a group, equities analysts anticipate that West Fraser Timber will post -3.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on WFG. Fraser Mackenzie reduced their price target on West Fraser Timber from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada reduced their price target on West Fraser Timber from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Zacks Research upgraded West Fraser Timber from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. TD Cowen reduced their price target on West Fraser Timber from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, Raymond James Financial lowered West Fraser Timber from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $85.00 to $75.00 in a report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, West Fraser Timber has a consensus rating of “Hold” and an average target price of $82.60.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd. (NYSE: WFG) is a leading North American diversified wood products company headquartered in Vancouver, British Columbia. The company operates a broad portfolio of manufacturing facilities that produce lumber, engineered wood products such as laminated veneer lumber (LVL), oriented strand board (OSB) and plywood, as well as medium density fibreboard (MDF), particleboard, pulp and paper. West Fraser’s integrated production model spans harvesting, milling and finishing, allowing it to serve a wide range of residential, commercial and industrial construction markets.

Founded in 1955 as West Fraser Mills, the company has grown through both organic investment and strategic acquisitions to become one of the largest lumber producers in the world.