West Fraser Timber (TSE:WFG) Announces Earnings Results

West Fraser Timber (TSE:WFG) released its quarterly earnings results on Wednesday. The company reported C($1.11) EPS for the quarter, FiscalAI reports. The company had revenue of C$2.04 billion during the quarter. West Fraser Timber had a negative net margin of 22.93% and a negative return on equity of 23.22%.

West Fraser Timber Stock Down 4.9%

West Fraser Timber stock opened at C$88.96 on Friday. The firm has a 50 day simple moving average of C$94.97 and a 200 day simple moving average of C$92.37. The company has a current ratio of 1.84, a quick ratio of 2.10 and a debt-to-equity ratio of 9.37. West Fraser Timber has a 1-year low of C$80.38 and a 1-year high of C$106.41. The firm has a market capitalization of C$6.97 billion, a price-to-earnings ratio of -5.95 and a beta of 1.13.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WFG. Canadian Imperial Bank of Commerce dropped their price target on shares of West Fraser Timber from C$102.00 to C$100.00 in a research report on Friday, May 1st. Raymond James Financial lowered shares of West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, West Fraser Timber presently has a consensus rating of “Hold” and an average price target of C$96.50.

West Fraser Timber Company Profile

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.