West Fraser Timber (NYSE:WFG – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.87), Yahoo Finance reports. West Fraser Timber had a net margin of 2.23% and a return on equity of 3.83%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $1.81 earnings per share.
West Fraser Timber Stock Up 2.0 %
NYSE WFG traded up $1.93 on Friday, hitting $97.43. 293,765 shares of the stock were exchanged, compared to its average volume of 160,060. The company has a quick ratio of 1.49, a current ratio of 2.33 and a debt-to-equity ratio of 0.03. West Fraser Timber has a fifty-two week low of $64.11 and a fifty-two week high of $102.40. The company has a market cap of $7.68 billion, a PE ratio of -80.89 and a beta of 1.16. The company has a 50-day moving average price of $92.90 and a 200-day moving average price of $84.40.
West Fraser Timber Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.237 per share. This represents a $0.95 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, September 26th. West Fraser Timber’s dividend payout ratio (DPR) is presently -77.69%.
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West Fraser Timber Company Profile
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.
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