Scotiabank Has Positive Outlook of TSE:WEF FY2026 Earnings

Western Forest Products Inc. (TSE:WEF) – Investment analysts at Scotiabank upped their FY2026 EPS estimates for Western Forest Products in a research report issued on Monday, August 17th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings of ($2.29) per share for the year, up from their prior estimate of ($2.99). The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share. Scotiabank also issued estimates for Western Forest Products’ FY2027 earnings at ($0.31) EPS.

Western Forest Products (TSE:WEF) last announced its earnings results on Wednesday, August 12th. The company reported C$1.10 EPS for the quarter. Western Forest Products had a negative net margin of 9.64% and a negative return on equity of 17.78%. The business had revenue of C$239.60 million during the quarter.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada boosted their target price on Western Forest Products from C$16.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Raymond James Financial increased their price target on Western Forest Products from C$12.50 to C$20.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Finally, TD lifted their price objective on shares of Western Forest Products from C$19.00 to C$20.00 and gave the company a “hold” rating in a research report on Friday, August 14th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$18.40.

Western Forest Products Stock Down 1.8%

WEF opened at C$18.46 on Wednesday. Western Forest Products has a 52 week low of C$10.16 and a 52 week high of C$19.40. The business has a 50 day moving average price of C$17.97 and a two-hundred day moving average price of C$15.77. The company has a quick ratio of 0.73, a current ratio of 2.44 and a debt-to-equity ratio of 12.63. The company has a market cap of C$194.90 million, a PE ratio of -2.31, a P/E/G ratio of 0.32 and a beta of 0.23.

Insider Transactions at Western Forest Products

In related news, insider Kernwood Limited sold 2,700 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of C$19.00, for a total transaction of C$51,300.00. Following the completion of the transaction, the insider directly owned 1,900,800 shares of the company’s stock, valued at C$36,115,200. This represents a 0.14% decrease in their ownership of the stock. Also, Director Elizabeth Kernaghan sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of C$19.05, for a total transaction of C$34,290.00. Following the completion of the sale, the director owned 1,889,000 shares of the company’s stock, valued at approximately C$35,985,450. The trade was a 0.10% decrease in their position. Over the last quarter, insiders have sold 14,200 shares of company stock worth $270,980. Company insiders own 0.67% of the company’s stock.

Western Forest Products Company Profile

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company’s largest markets and contribute the vast majority of its total revenue.