West Fraser Timber Co. Ltd. (NYSE:WFG – Free Report) – Raymond James lowered their FY2024 earnings per share estimates for West Fraser Timber in a notice issued to buyers on Monday, October twenty first. Raymond James analyst D. Swetlishoff now anticipates that the corporate will publish earnings per share of $1.73 for the 12 months, down from their prior estimate of $2.57. The consensus estimate for West Fraser Timber’s present full-year earnings is $2.03 per share. Raymond James additionally issued estimates for West Fraser Timber’s FY2025 earnings at $6.07 EPS.
West Fraser Timber (NYSE:WFG – Get Free Report) final posted its earnings outcomes on Wednesday, October twenty third. The corporate reported ($1.03) earnings per share (EPS) for the quarter, lacking the consensus estimate of ($0.16) by ($0.87). The enterprise had income of $1.44 billion through the quarter, in comparison with the consensus estimate of $1.45 billion. West Fraser Timber had a return on fairness of three.83% and a web margin of two.23%. Throughout the identical interval within the earlier 12 months, the enterprise earned $1.81 earnings per share.
Different analysts have additionally issued studies in regards to the inventory. Scotiabank raised their value goal on shares of West Fraser Timber from $100.00 to $120.00 and gave the inventory a “sector outperform” score in a report on Friday. BMO Capital Markets raised their value goal on shares of West Fraser Timber from $105.00 to $115.00 and gave the inventory an “outperform” score in a report on Tuesday. Lastly, Royal Financial institution of Canada raised their value goal on shares of West Fraser Timber from $97.00 to $100.00 and gave the inventory an “outperform” score in a report on Friday, July twenty sixth. 4 analysts have rated the inventory with a purchase score and one has given a powerful purchase score to the corporate. Based on MarketBeat, the inventory has a mean score of “Purchase” and a consensus goal value of $111.60.
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West Fraser Timber Inventory Efficiency
Shares of WFG opened at $97.43 on Thursday. The corporate has a debt-to-equity ratio of 0.03, a present ratio of two.33 and a fast ratio of 1.49. West Fraser Timber has a one 12 months low of $64.11 and a one 12 months excessive of $102.40. The corporate has a 50-day easy transferring common of $93.14 and a two-hundred day easy transferring common of $84.51. The agency has a market capitalization of $7.68 billion, a PE ratio of -80.52 and a beta of 1.16.
West Fraser Timber Cuts Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Friday, October eleventh. Buyers of file on Thursday, September twenty sixth had been issued a $0.237 dividend. This represents a $0.95 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, September twenty sixth. West Fraser Timber’s dividend payout ratio is presently -77.69%.
Institutional Buying and selling of West Fraser Timber
A number of hedge funds have not too long ago purchased and bought shares of WFG. Vanguard Group Inc. raised its place in shares of West Fraser Timber by 1.0% through the 4th quarter. Vanguard Group Inc. now owns 2,813,970 shares of the corporate’s inventory valued at $240,820,000 after shopping for an extra 28,399 shares within the final quarter. Addenda Capital Inc. bought a brand new stake in shares of West Fraser Timber through the 1st quarter valued at about $328,000. Galibier Capital Administration Ltd. bought a brand new stake in shares of West Fraser Timber through the 1st quarter valued at about $9,581,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its place in shares of West Fraser Timber by 49.2% through the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 73,418 shares of the corporate’s inventory valued at $6,345,000 after shopping for an extra 24,218 shares within the final quarter. Lastly, Dixon Mitchell Funding Counsel Inc. bought a brand new stake in shares of West Fraser Timber through the 1st quarter valued at about $103,000. Hedge funds and different institutional buyers personal 40.23% of the corporate’s inventory.
About West Fraser Timber
West Fraser Timber Co Ltd., a diversified wooden merchandise firm, engages in manufacturing, promoting, advertising and marketing, and distributing lumber, engineered wooden merchandise, pulp, newsprint, wooden chips, and different residuals and renewable power. It presents spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, handled wooden merchandise, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wooden merchandise, in addition to particleboards.
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