Western Forest Products (WEF) to Release Earnings on Tuesday

Western Forest Products (TSE:WEF) will release its earnings data after the market closes on Tuesday, May 7th.

Western Forest Products (TSE:WEF) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C($0.04) EPS for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.01. The firm had revenue of C$246.60 million during the quarter. Western Forest Products had a negative return on equity of 11.50% and a negative net margin of 6.73%.

Western Forest Products Stock Up 3.8 %

Shares of TSE:WEF opened at C$0.55 on Monday. The stock has a market cap of C$174.21 million, a price-to-earnings ratio of -2.50, a PEG ratio of 0.32 and a beta of 1.92. The business’s 50 day moving average is C$0.59 and its 200 day moving average is C$0.66. Western Forest Products has a 12-month low of C$0.52 and a 12-month high of C$1.14. The company has a quick ratio of 0.73, a current ratio of 2.77 and a debt-to-equity ratio of 18.42.

Insider Activity at Western Forest Products

In other news, Senior Officer Joseph Steven Hofer acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of C$0.63 per share, for a total transaction of C$63,000.00. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WEF. CIBC cut their target price on Western Forest Products from C$0.75 to C$0.65 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. TD Securities reduced their price objective on Western Forest Products from C$0.75 to C$0.65 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Finally, Scotiabank set a C$0.80 target price on Western Forest Products and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$0.73.

Western Forest Products Company Profile

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.