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

West Fraser Timber (NYSE:WFG) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect West Fraser Timber to post earnings of ($0.06) per share for the quarter.

West Fraser Timber (NYSE:WFG) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.05. The company had revenue of $1.51 billion for the quarter. West Fraser Timber had a positive return on equity of 1.29% and a negative net margin of 2.59%. On average, analysts expect West Fraser Timber to post $4 EPS for the current fiscal year and $8 EPS for the next fiscal year.

West Fraser Timber Stock Performance

Shares of WFG stock opened at $77.37 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.26. West Fraser Timber has a 1 year low of $64.11 and a 1 year high of $90.17. The stock’s 50-day moving average is $81.43 and its two-hundred day moving average is $78.49. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of -35.99 and a beta of 1.15.

West Fraser Timber Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, March 14th. West Fraser Timber’s dividend payout ratio is currently -27.91%.

Institutional Investors Weigh In On West Fraser Timber

A number of institutional investors have recently added to or reduced their stakes in WFG. ICA Group Wealth Management LLC acquired a new stake in shares of West Fraser Timber during the 4th quarter valued at approximately $43,000. Moors & Cabot Inc. lifted its position in shares of West Fraser Timber by 8.4% during the 1st quarter. Moors & Cabot Inc. now owns 2,525 shares of the company’s stock valued at $208,000 after acquiring an additional 195 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of West Fraser Timber during the 4th quarter valued at approximately $209,000. Two Sigma Advisers LP acquired a new stake in shares of West Fraser Timber during the 3rd quarter valued at approximately $210,000. Finally, Advisor Group Holdings Inc. lifted its position in shares of West Fraser Timber by 15.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,632 shares of the company’s stock valued at $217,000 after acquiring an additional 344 shares during the period. Hedge funds and other institutional investors own 40.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WFG shares. TD Securities raised their price target on West Fraser Timber from $115.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Scotiabank set a $100.00 price target on West Fraser Timber and gave the stock an “outperform” rating in a report on Monday, January 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $97.00 price target on shares of West Fraser Timber in a report on Thursday, March 28th. Finally, Raymond James raised their price target on West Fraser Timber from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, West Fraser Timber presently has an average rating of “Buy” and a consensus target price of $106.25.

About West Fraser Timber

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.