West Fraser Timber (TSE:WFG) Issues Quarterly Earnings Results

West Fraser Timber (TSE:WFG) announced its quarterly earnings data on Wednesday. The company reported C($1.47) earnings per share (EPS) for the quarter, FiscalAI reports. West Fraser Timber had a negative return on equity of 24.07% and a negative net margin of 23.89%. The firm had revenue of C$1.94 billion during the quarter.

West Fraser Timber Trading Down 0.5%

WFG stock opened at C$95.42 on Friday. The company has a market capitalization of C$7.47 billion, a PE ratio of -6.22 and a beta of 1.05. West Fraser Timber has a 12 month low of C$80.38 and a 12 month high of C$105.25. The firm’s 50-day moving average is C$95.85 and its 200 day moving average is C$93.47. The company has a debt-to-equity ratio of 9.54, a current ratio of 2.29 and a quick ratio of 2.10.

Analyst Ratings Changes

Separately, Raymond James Financial upgraded West Fraser Timber from a “hold” rating to a “moderate buy” rating in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, West Fraser Timber has an average rating of “Moderate Buy” and a consensus target price of C$96.50.

About West Fraser Timber

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.