West Fraser Timber (WFG) Set to Announce Earnings on Wednesday

West Fraser Timber (NYSE:WFGGet Free Report) will announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $2.67 per share for the quarter.

West Fraser Timber Trading Up 0.7 %

Shares of WFG opened at $78.84 on Tuesday. The firm has a 50-day moving average price of $81.63 and a 200 day moving average price of $76.32. West Fraser Timber has a 12-month low of $64.11 and a 12-month high of $90.17. The company has a current ratio of 3.51, a quick ratio of 2.47 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $6.26 billion, a P/E ratio of -55.91 and a beta of 1.17.

West Fraser Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 1.52%. West Fraser Timber’s dividend payout ratio is currently -85.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Scotiabank set a $100.00 target price on shares of West Fraser Timber and gave the stock an “outperform” rating in a research report on Monday, January 22nd. TheStreet raised West Fraser Timber from a “d+” rating to a “c” rating in a report on Friday, October 27th. Raymond James raised their target price on West Fraser Timber from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada cut their price target on West Fraser Timber from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, December 19th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $103.75.

Get Our Latest Report on WFG

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. ICA Group Wealth Management LLC acquired a new position in West Fraser Timber during the fourth quarter valued at $43,000. Moors & Cabot Inc. raised its position in West Fraser Timber by 8.4% during the first quarter. Moors & Cabot Inc. now owns 2,525 shares of the company’s stock valued at $208,000 after buying an additional 195 shares during the period. Janney Montgomery Scott LLC acquired a new position in West Fraser Timber during the fourth quarter valued at $209,000. Two Sigma Advisers LP acquired a new position in West Fraser Timber during the third quarter valued at $210,000. Finally, Advisor Group Holdings Inc. raised its position in West Fraser Timber by 15.0% during the first quarter. Advisor Group Holdings Inc. now owns 2,632 shares of the company’s stock valued at $217,000 after buying an additional 344 shares during the period. Institutional investors own 46.23% of the company’s stock.

West Fraser Timber Company Profile

(Get Free Report)

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 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.

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Earnings History for West Fraser Timber (NYSE:WFG)

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