West Fraser Timber Co. Ltd. (NYSE:WFG) Expected to Post Earnings of $6.99 Per Share

Wall Street analysts expect that West Fraser Timber Co. Ltd. (NYSE:WFGGet Rating) will post $6.99 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for West Fraser Timber’s earnings. West Fraser Timber posted earnings per share of $12.32 in the same quarter last year, which would indicate a negative year over year growth rate of 43.3%. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that West Fraser Timber will report full year earnings of $25.02 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $13.74 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for West Fraser Timber.

West Fraser Timber (NYSE:WFGGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $10.25 EPS for the quarter, beating analysts’ consensus estimates of $7.84 by $2.41. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.83 billion. West Fraser Timber had a net margin of 29.88% and a return on equity of 42.84%. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.96 EPS.

Several equities research analysts have recently weighed in on the company. Scotiabank boosted their target price on West Fraser Timber from C$143.00 to C$147.00 in a research note on Wednesday, February 16th. TD Securities cut their price target on shares of West Fraser Timber from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Finally, Zacks Investment Research downgraded shares of West Fraser Timber from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $133.93.

West Fraser Timber stock traded up $4.81 during midday trading on Friday, reaching $94.26. The company’s stock had a trading volume of 1,000,563 shares, compared to its average volume of 344,131. The business has a 50-day simple moving average of $85.40 and a 200-day simple moving average of $89.97. The company has a market cap of $9.37 billion, a P/E ratio of 3.15 and a beta of -0.32. West Fraser Timber has a fifty-two week low of $64.72 and a fifty-two week high of $102.61. The company has a quick ratio of 2.35, a current ratio of 3.55 and a debt-to-equity ratio of 0.06.

Institutional investors have recently made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new position in West Fraser Timber during the fourth quarter worth $33,000. Spire Wealth Management acquired a new stake in shares of West Fraser Timber during the 4th quarter valued at approximately $82,000. Pacifica Partners Inc. boosted its stake in shares of West Fraser Timber by 42.9% during the 1st quarter. Pacifica Partners Inc. now owns 1,166 shares of the company’s stock worth $115,000 after acquiring an additional 350 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in shares of West Fraser Timber in the 3rd quarter worth approximately $130,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in West Fraser Timber by 684.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,945 shares of the company’s stock worth $160,000 after purchasing an additional 1,697 shares during the last quarter. Institutional investors own 74.44% of the company’s stock.

About West Fraser Timber (Get Rating)

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products.

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