West Fraser Timber (WFG) to Release Earnings on Wednesday

West Fraser Timber (NYSE:WFG) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect West Fraser Timber to post earnings of ($0.55) per share and revenue of $1.41 billion for the quarter.

West Fraser Timber Trading Up 0.4 %

Shares of West Fraser Timber stock opened at $84.55 on Wednesday. The stock has a 50-day moving average price of $89.36 and a 200 day moving average price of $90.70. The company has a market cap of $6.57 billion, a P/E ratio of -66.05 and a beta of 1.22. West Fraser Timber has a 1 year low of $73.91 and a 1 year high of $102.40.

West Fraser Timber Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, December 27th were paid a $0.32 dividend. This is an increase from West Fraser Timber’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, December 27th. West Fraser Timber’s dividend payout ratio is currently -100.00%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Scotiabank reduced their price objective on West Fraser Timber from $120.00 to $109.00 and set a “sector outperform” rating for the company in a research note on Monday. Raymond James reduced their price objective on West Fraser Timber from $120.00 to $115.00 in a research report on Thursday, January 30th. Finally, BMO Capital Markets raised their price objective on West Fraser Timber from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $111.40.

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.