Western Forest Products (WEF) Scheduled to Post Earnings on Wednesday

Western Forest Products (TSE:WEF) is scheduled to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Western Forest Products to post earnings of C($0.03) per share for the quarter.

Western Forest Products (TSE:WEF) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C($0.02) earnings per share for the quarter. Western Forest Products had a negative net margin of 5.96% and a negative return on equity of 9.90%. The firm had revenue of C$239.50 million for the quarter, compared to analysts’ expectations of C$231.00 million.

Western Forest Products Price Performance

WEF stock opened at C$0.41 on Tuesday. The stock has a market capitalization of C$129.87 million, a price-to-earnings ratio of -2.16, a PEG ratio of 0.32 and a beta of 1.94. The firm’s 50-day moving average price is C$0.47 and its two-hundred day moving average price is C$0.56. The company has a current ratio of 3.14, a quick ratio of 0.73 and a debt-to-equity ratio of 17.90. Western Forest Products has a 12-month low of C$0.41 and a 12-month high of C$1.06.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WEF. CIBC reduced their price target on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, July 18th. Royal Bank of Canada reduced their target price on Western Forest Products from C$0.80 to C$0.70 in a research note on Thursday, July 11th. Finally, TD Securities decreased their target price on Western Forest Products from C$0.60 to C$0.50 in a report on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$0.65.

About Western Forest Products

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.