Scotiabank Equities Analysts Cut Earnings Estimates for WFG

West Fraser Timber Co. Ltd. (NYSE:WFG) – Scotiabank lowered their FY2026 EPS estimates for West Fraser Timber in a note issued to investors on Tuesday, August 4th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of ($4.36) for the year, down from their prior forecast of ($3.52). The consensus estimate for West Fraser Timber’s current full-year earnings is ($3.49) per share. Scotiabank also issued estimates for West Fraser Timber’s FY2027 earnings at $1.48 EPS.

Several other brokerages also recently weighed in on WFG. Fraser Mackenzie lowered their target price on West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, May 1st. TD Securities reiterated a “buy” rating on shares of West Fraser Timber in a research note on Friday, July 31st. Weiss Ratings downgraded West Fraser Timber from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, July 31st. Zacks Research upgraded West Fraser Timber from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada cut their target price on West Fraser Timber from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.20.

West Fraser Timber Stock Performance

West Fraser Timber stock opened at $70.21 on Thursday. West Fraser Timber has a 12-month low of $57.34 and a 12-month high of $76.99. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of -4.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.06 and a quick ratio of 0.83. The firm’s fifty day moving average price is $67.94 and its 200 day moving average price is $66.79.

West Fraser Timber (NYSE:WFG) last posted its earnings results on Wednesday, July 29th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.08). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. West Fraser Timber had a negative return on equity of 10.84% and a negative net margin of 22.98%.

West Fraser Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Thursday, June 25th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. West Fraser Timber’s dividend payout ratio (DPR) is currently -8.29%.

Hedge Funds Weigh In On West Fraser Timber

A number of hedge funds and other institutional investors have recently bought and sold shares of WFG. Parallel Advisors LLC raised its position in shares of West Fraser Timber by 72.2% during the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock worth $29,000 after purchasing an additional 184 shares during the period. EFG International AG bought a new stake in shares of West Fraser Timber in the 4th quarter worth approximately $31,000. Physician Wealth Advisors Inc. boosted its position in West Fraser Timber by 177.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 579 shares of the company’s stock valued at $38,000 after purchasing an additional 370 shares during the period. Aegis Financial Corp acquired a new position in West Fraser Timber during the 1st quarter valued at approximately $205,000. Finally, Jain Global LLC bought a new position in West Fraser Timber during the 3rd quarter worth $224,000. 40.23% of the stock is currently owned by institutional investors and hedge funds.

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.