West Fraser Timber (WFG) Set to Announce Quarterly Earnings on Tuesday

West Fraser Timber (TSE:WFG) is scheduled to 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:WFG) last announced its quarterly earnings data on Wednesday, February 14th. The company reported C($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.38) by C$0.07. The company had revenue of C$2.06 billion for the quarter. West Fraser Timber had a negative return on equity of 2.25% and a negative net margin of 2.59%.

West Fraser Timber Trading Down 0.7 %

Shares of WFG stock opened at C$108.24 on Tuesday. The stock’s fifty day moving average is C$110.23 and its two-hundred day moving average is C$106.13. The company has a debt-to-equity ratio of 7.45, a quick ratio of 2.10 and a current ratio of 2.26. The firm has a market capitalization of C$8.59 billion, a P/E ratio of -39.65 and a beta of 2.08. West Fraser Timber has a fifty-two week low of C$88.61 and a fifty-two week high of C$121.64.

West Fraser Timber Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a dividend of $0.403 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.61 annualized dividend and a dividend yield of 1.49%. West Fraser Timber’s payout ratio is -59.34%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WFG shares. Royal Bank of Canada decreased their target price on shares of West Fraser Timber from C$95.00 to C$90.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 19th. CIBC upped their target price on shares of West Fraser Timber from C$131.00 to C$140.00 in a research report on Thursday, April 11th.

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.