Raymond James Financial Estimates WFG FY2027 Earnings

West Fraser Timber Co. Ltd. (NYSE:WFG) – Equities research analysts at Raymond James Financial issued their FY2027 earnings per share estimates for West Fraser Timber in a research report issued to clients and investors on Wednesday, October 15th. Raymond James Financial analyst D. Swetlishoff expects that the company will post earnings of $3.02 per share for the year. Raymond James Financial currently has a “Market Perform” rating and a $70.00 price target on the stock. The consensus estimate for West Fraser Timber’s current full-year earnings is $4.45 per share.

Several other brokerages also recently weighed in on WFG. Wall Street Zen downgraded West Fraser Timber from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Weiss Ratings restated a “sell (d)” rating on shares of West Fraser Timber in a research report on Wednesday, October 8th. Zacks Research upgraded West Fraser Timber from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, TD Securities decreased their price target on shares of West Fraser Timber from $98.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $96.00.

West Fraser Timber Stock Down 0.1%

Shares of WFG stock opened at $67.06 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.89 and a quick ratio of 1.61. The stock’s fifty day moving average price is $71.57 and its 200 day moving average price is $73.15. West Fraser Timber has a 1-year low of $66.00 and a 1-year high of $100.33. The company has a market cap of $5.29 billion, a price-to-earnings ratio of -38.32 and a beta of 1.13.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.74). The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.61 billion. West Fraser Timber had a negative net margin of 2.18% and a negative return on equity of 0.85%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Northside Capital Management LLC acquired a new position in West Fraser Timber during the 3rd quarter worth $374,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of West Fraser Timber by 21.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 100,805 shares of the company’s stock valued at $7,379,000 after buying an additional 18,055 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of West Fraser Timber by 422.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,613 shares of the company’s stock valued at $485,000 after buying an additional 5,348 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of West Fraser Timber by 7.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,642 shares of the company’s stock valued at $2,542,000 after buying an additional 2,261 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of West Fraser Timber in the 2nd quarter valued at about $1,013,000. 40.23% of the stock is owned by institutional investors and hedge funds.

West Fraser Timber Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Thursday, September 25th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.28 annualized dividend and a yield of 1.9%. West Fraser Timber’s payout ratio is -73.14%.

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.