West Fraser Timber (NYSE:WFG) Posts Earnings Results, Misses Expectations By $0.27 EPS

West Fraser Timber (NYSE:WFG) released its quarterly earnings data on Wednesday. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.27), reports. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.42 billion. West Fraser Timber had a negative net margin of 22.98% and a negative return on equity of 10.84%.

West Fraser Timber Trading Down 0.6%

Shares of NYSE:WFG traded down $0.40 during trading on Thursday, hitting $68.26. 162,412 shares of the company’s stock were exchanged, compared to its average volume of 215,108. The firm has a 50-day moving average price of $68.41 and a two-hundred day moving average price of $67.30. The firm has a market cap of $5.34 billion, a P/E ratio of -4.43 and a beta of 1.06. The company has a current ratio of 2.06, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. West Fraser Timber has a 1-year low of $57.34 and a 1-year high of $76.99.

West Fraser Timber Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 19th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 29th. West Fraser Timber’s payout ratio is currently -8.29%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald upgraded shares of West Fraser Timber to a “buy” rating in a report on Thursday. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of West Fraser Timber in a research report on Friday, July 31st. Raymond James Financial restated an “outperform” rating and issued a $80.00 price objective (down from $85.00) on shares of West Fraser Timber in a report on Thursday. Royal Bank Of Canada lowered their price target on West Fraser Timber from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Finally, TD Securities reissued a “buy” rating on shares of West Fraser Timber in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.80.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd. is a diversified wood products company that manufactures and sells building materials for residential, commercial and industrial applications. Its principal products include lumber, oriented strand board, laminated veneer lumber and other engineered wood products used in construction, remodeling and manufacturing.

The company operates wood product manufacturing facilities and manages timber resources across Canada and the United States, with a significant presence in Western Canada and the U.S.