Brokers Offer Predictions for West Fraser Timber Co. Ltd.’s FY2024 Earnings (TSE:WFG)

West Fraser Timber Co. Ltd. (TSE:WFG) – Equities research analysts at Raymond James cut their FY2024 EPS estimates for West Fraser Timber in a note issued to investors on Wednesday, April 24th. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings per share of $7.26 for the year, down from their previous estimate of $7.56. The consensus estimate for West Fraser Timber’s current full-year earnings is $3.96 per share.

Separately, CIBC lifted their target price on shares of West Fraser Timber from C$131.00 to C$140.00 in a research note on Thursday, April 11th.

West Fraser Timber Price Performance

TSE WFG opened at C$107.50 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.26 and a debt-to-equity ratio of 7.45. The stock has a market capitalization of C$8.53 billion, a PE ratio of -39.38 and a beta of 2.08. The company has a 50 day moving average price of C$110.59 and a two-hundred day moving average price of C$106.65. West Fraser Timber has a 12-month low of C$88.61 and a 12-month high of C$121.64.

West Fraser Timber (TSE:WFG) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C($0.31) EPS for the quarter, topping the consensus estimate of C($0.38) by C$0.07. The business had revenue of C$2.06 billion during the quarter. West Fraser Timber had a negative net margin of 2.59% and a negative return on equity of 2.25%.

West Fraser Timber Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a $0.403 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Thursday, March 14th. West Fraser Timber’s dividend payout ratio is -59.34%.

About West Fraser Timber

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, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.