West Fraser Timber Co. Ltd. (TSE:WFG) Expected to Earn Q2 2024 Earnings of $1.76 Per Share

West Fraser Timber Co. Ltd. (TSE:WFG) – Analysts at Scotiabank issued their Q2 2024 earnings estimates for shares of West Fraser Timber in a research note issued to investors on Monday, April 29th. Scotiabank analyst B. Isaacson forecasts that the company will post earnings per share of $1.76 for the quarter. The consensus estimate for West Fraser Timber’s current full-year earnings is $3.96 per share. Scotiabank also issued estimates for West Fraser Timber’s FY2025 earnings at $9.43 EPS.

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

West Fraser Timber Price Performance

West Fraser Timber stock opened at C$107.15 on Wednesday. The business has a 50-day simple moving average of C$110.54 and a 200 day simple moving average of C$107.14. West Fraser Timber has a 52 week low of C$88.61 and a 52 week high of C$121.64. The stock has a market cap of C$8.50 billion, a price-to-earnings ratio of -39.25 and a beta of 2.08. The company has a quick ratio of 2.10, a current ratio of 2.26 and a debt-to-equity ratio of 7.45.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, February 14th. The company reported C($0.31) EPS for the quarter, beating analysts’ consensus estimates of C($0.38) by C$0.07. The company 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 disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a dividend of $0.403 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.50%. 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.