Raymond James Has Positive Estimate for WFG FY2025 Earnings

West Fraser Timber Co. Ltd. (NYSE:WFG) – Equities research analysts at Raymond James raised their FY2025 earnings per share estimates for shares of West Fraser Timber in a research report issued on Wednesday, April 23rd. Raymond James analyst D. Swetlishoff now anticipates that the company will earn $1.70 per share for the year, up from their previous estimate of $1.53. Raymond James currently has a “Outperform” rating and a $90.00 target price on the stock. The consensus estimate for West Fraser Timber’s current full-year earnings is $4.45 per share.

WFG has been the subject of several other research reports. Scotiabank decreased their price objective on shares of West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating for the company in a research note on Tuesday, February 18th. TD Securities reduced their target price on West Fraser Timber from $99.00 to $98.00 and set a “buy” rating for the company in a report on Thursday. Finally, Royal Bank of Canada dropped their price target on West Fraser Timber from $117.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, West Fraser Timber has a consensus rating of “Buy” and a consensus target price of $100.40.

West Fraser Timber Trading Up 1.1 %

Shares of West Fraser Timber stock opened at $73.51 on Friday. The company has a fifty day simple moving average of $75.99 and a 200-day simple moving average of $85.71. West Fraser Timber has a 12-month low of $69.48 and a 12-month high of $102.40. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of -350.05 and a beta of 1.21.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.53 billion.

Institutional Investors Weigh In On West Fraser Timber

Several hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in West Fraser Timber during the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new position in shares of West Fraser Timber in the fourth quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of West Fraser Timber during the fourth quarter worth approximately $52,000. GAMMA Investing LLC raised its stake in shares of West Fraser Timber by 7,588.9% during the first quarter. GAMMA Investing LLC now owns 692 shares of the company’s stock worth $53,000 after purchasing an additional 683 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company’s stock worth $93,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 40.23% of the company’s stock.

West Fraser Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th were issued a $0.32 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.74%. West Fraser Timber’s payout ratio is -752.94%.

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.