West Fraser Timber Co. Ltd. Forecasted to Post Q2 2024 Earnings of $1.76 Per Share (TSE:WFG)

West Fraser Timber Co. Ltd. (TSE:WFG) – Stock analysts at Scotiabank issued their Q2 2024 earnings estimates for West Fraser Timber in a research note issued on Monday, April 29th. Scotiabank analyst B. Isaacson expects that the company will post earnings per share of $1.76 for the quarter. The consensus estimate for West Fraser Timber’s current full-year earnings is $3.96 per share. Scotiabank also issued estimates for West Fraser Timber’s FY2025 earnings at $9.43 EPS.

West Fraser Timber (TSE:WFG) last issued its earnings results on Wednesday, February 14th. The company reported C($0.31) earnings per share (EPS) for the quarter, topping 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 for the quarter.

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

West Fraser Timber Stock Performance

TSE:WFG opened at C$105.44 on Wednesday. The stock has a market cap of C$8.36 billion, a P/E ratio of -38.62 and a beta of 2.08. The firm’s fifty day simple moving average is C$110.51 and its 200 day simple moving average is C$107.14. 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 quick ratio of 2.10, a current ratio of 2.26 and a debt-to-equity ratio of 7.45.

West Fraser Timber Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a dividend of $0.403 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Thursday, March 14th. West Fraser Timber’s dividend payout ratio (DPR) is presently -59.34%.

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.