West Fraser Timber (NYSE:WFG) Posts Earnings Results, Beats Expectations By $0.48 EPS

West Fraser Timber (NYSE:WFG) issued its earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.48, Briefing.com reports. West Fraser Timber had a negative net margin of 2.59% and a positive return on equity of 1.29%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business posted ($0.52) earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year.

West Fraser Timber Trading Up 1.1 %

Shares of NYSE:WFG traded up $0.88 during mid-day trading on Wednesday, hitting $79.49. The company had a trading volume of 40,877 shares, compared to its average volume of 141,043. The firm has a fifty day moving average price of $81.46 and a 200 day moving average price of $78.70. West Fraser Timber has a one year low of $64.11 and a one year high of $90.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.26 and a quick ratio of 1.45. The company has a market capitalization of $6.31 billion, a PE ratio of -37.73 and a beta of 1.15.

West Fraser Timber Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. West Fraser Timber’s dividend payout ratio (DPR) is presently -27.91%.

Analyst Upgrades and Downgrades

WFG has been the topic of a number of research reports. TD Securities boosted their target price on shares of West Fraser Timber from $115.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $97.00 price objective on shares of West Fraser Timber in a report on Thursday, March 28th. Raymond James lifted their price target on shares of West Fraser Timber from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. Finally, Scotiabank set a $100.00 target price on shares of West Fraser Timber and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $106.25.

West Fraser Timber Company Profile

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.