West Fraser Timber (TSE:WFG – Get Free Report) released its quarterly earnings results on Wednesday. The company reported C($1.41) EPS for the quarter, missing the consensus estimate of C($0.62) by C($0.79), reports. West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. The company had revenue of C$1.96 billion during the quarter, compared to the consensus estimate of C$2.01 billion.
West Fraser Timber Stock Performance
West Fraser Timber stock traded up C$2.36 during trading hours on Friday, hitting C$134.82. 175,315 shares of the stock traded hands, compared to its average volume of 160,963. The firm’s 50 day moving average price is C$126.42 and its 200-day moving average price is C$115.40. The company has a debt-to-equity ratio of 7.39, a current ratio of 2.33 and a quick ratio of 2.10. The stock has a market capitalization of C$10.53 billion, a price-to-earnings ratio of 59.95 and a beta of 2.03. West Fraser Timber has a 1 year low of C$88.61 and a 1 year high of C$141.27.
West Fraser Timber Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 26th were paid a $0.32 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.28 dividend on an annualized basis and a yield of 0.95%. West Fraser Timber’s dividend payout ratio (DPR) is 75.88%.
Analysts Set New Price Targets
View Our Latest Analysis on WFG
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.
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