West Fraser Timber (WFG) Scheduled to Post Quarterly Earnings on Tuesday

West Fraser Timber (TSE:WFGGet Free Report) will issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of C($0.08) per share for the quarter.

West Fraser Timber (TSE:WFGGet Free Report) last announced its earnings results on Wednesday, February 14th. The company reported C($0.31) earnings per share for the quarter, beating the consensus estimate of C($0.38) by C$0.07. West Fraser Timber had a negative net margin of 2.59% and a negative return on equity of 2.25%. The firm had revenue of C$2.06 billion during the quarter.

West Fraser Timber Trading Down 1.3 %

Shares of WFG stock opened at C$106.42 on Monday. The firm has a 50-day moving average price of C$110.48 and a 200 day moving average price of C$106.43. West Fraser Timber has a twelve month low of C$88.61 and a twelve month high of C$121.64. The company has a market capitalization of C$8.44 billion, a price-to-earnings ratio of -38.98 and a beta of 2.08. The company has a current ratio of 2.26, a quick ratio of 2.10 and a debt-to-equity ratio of 7.45.

West Fraser Timber Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were paid a $0.403 dividend. This represents a $1.61 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, March 14th. West Fraser Timber’s payout ratio is -59.34%.

Wall Street Analyst Weigh In

Separately, CIBC boosted their target price on shares of West Fraser Timber from C$131.00 to C$140.00 in a research note on Thursday, April 11th.

Get Our Latest Stock Report on West Fraser Timber

West Fraser Timber Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for West Fraser Timber (TSE:WFG)

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