Western Forest Products (WEF) Scheduled to Post Earnings on Tuesday

Western Forest Products (TSE:WEF) will be releasing its earnings data after the market closes on Tuesday, May 7th.

Western Forest Products (TSE:WEF) last released its quarterly earnings results on Tuesday, February 13th. The company reported C($0.04) EPS for the quarter, beating analysts’ consensus estimates of C($0.05) by C$0.01. The business had revenue of C$246.60 million during the quarter. Western Forest Products had a negative return on equity of 11.50% and a negative net margin of 6.73%.

Western Forest Products Price Performance

WEF opened at C$0.53 on Tuesday. Western Forest Products has a 1 year low of C$0.53 and a 1 year high of C$1.14. The company has a debt-to-equity ratio of 18.42, a current ratio of 2.77 and a quick ratio of 0.73. The company has a market capitalization of C$167.88 million, a price-to-earnings ratio of -2.41, a P/E/G ratio of 0.32 and a beta of 1.93. The firm’s fifty day moving average price is C$0.60 and its two-hundred day moving average price is C$0.66.

Analyst Ratings Changes

A number of research firms recently weighed in on WEF. Scotiabank set a C$0.80 price target on shares of Western Forest Products and gave the company a “sector perform” rating in a research report on Monday, January 22nd. TD Securities dropped their target price on shares of Western Forest Products from C$0.75 to C$0.65 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. Finally, CIBC cut their target price on Western Forest Products from C$0.75 to C$0.65 and set a “neutral” rating on the stock in a research note on Thursday, February 15th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$0.73.

Insider Buying and Selling

In related news, Senior Officer Joseph Steven Hofer bought 100,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of C$0.63 per share, for a total transaction of C$63,000.00. 0.51% of the stock is owned by insiders.

About Western Forest Products

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.