West Fraser Timber (NYSE:WFG) Posts Earnings Results, Misses Estimates By $0.19 EPS

West Fraser Timber (NYSE:WFG) issued its quarterly earnings results on Wednesday. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.19), reports. West Fraser Timber had a negative return on equity of 9.10% and a negative net margin of 20.39%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.42 billion.

West Fraser Timber Stock Performance

WFG traded down $1.55 during midday trading on Friday, hitting $66.64. 34,741 shares of the company were exchanged, compared to its average volume of 214,576. The company’s 50 day simple moving average is $68.36 and its 200 day simple moving average is $67.31. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of -4.82 and a beta of 1.06. West Fraser Timber has a 1-year low of $57.34 and a 1-year high of $76.99. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 19th. Shareholders of record on Tuesday, September 29th were given 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 dividend payout ratio (DPR) is currently -8.29%.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research upgraded West Fraser Timber from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Raymond James Financial decreased their price target on shares of West Fraser Timber from $85.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of West Fraser Timber in a research note on Thursday. Royal Bank Of Canada dropped their target price on West Fraser Timber from $83.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of West Fraser Timber in a research note on Friday, July 31st. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.