Scotiabank Issues Pessimistic Forecast for TSE:WEF Earnings

Western Forest Products Inc. (TSE:WEF) – Equities research analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Western Forest Products in a note issued to investors on Friday, April 17th. Scotiabank analyst B. Isaacson now expects that the company will earn ($2.06) per share for the year, down from their previous forecast of ($0.82). Scotiabank has a “Sector Perform” rating and a $18.00 price objective on the stock. The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share.

Western Forest Products (TSE:WEF) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C($1.55) EPS for the quarter. The firm had revenue of C$201.90 million during the quarter. Western Forest Products had a negative net margin of 8.09% and a negative return on equity of 15.26%.

Several other research firms have also recently commented on WEF. Royal Bank Of Canada upped their price target on Western Forest Products from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. Raymond James Financial upped their price target on Western Forest Products from C$12.00 to C$13.50 and gave the company a “market perform” rating in a report on Friday, February 20th. TD upped their price target on Western Forest Products from C$16.00 to C$17.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Finally, TD Securities increased their target price on Western Forest Products from C$14.00 to C$16.00 and gave the stock a “hold” rating in a report on Thursday, February 12th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$15.70.

Western Forest Products Trading Down 2.6%

Western Forest Products stock opened at C$14.81 on Wednesday. The business has a 50 day moving average price of C$14.11 and a two-hundred day moving average price of C$12.90. The company has a quick ratio of 0.73, a current ratio of 2.85 and a debt-to-equity ratio of 12.40. The stock has a market cap of C$156.36 million, a price-to-earnings ratio of -1.96, a price-to-earnings-growth ratio of 0.32 and a beta of 0.16. Western Forest Products has a 12 month low of C$10.16 and a 12 month high of C$17.28.

About Western Forest Products

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company’s largest markets and contribute the vast majority of its total revenue.