FY2024 EPS Estimate for West Fraser Timber Raised by Analyst

West Fraser Timber Co. Ltd. (TSE:WFG) – Raymond James raised their FY2024 EPS estimates for West Fraser Timber in a report issued on Monday, January 20th. Raymond James analyst D. Swetlishoff now expects that the company will post earnings per share of $2.29 for the year, up from their prior estimate of $1.31. Raymond James has a “Moderate Buy” rating on the stock. The consensus estimate for West Fraser Timber’s current full-year earnings is $8.12 per share. Raymond James also issued estimates for West Fraser Timber’s FY2025 earnings at $7.32 EPS and FY2026 earnings at $14.31 EPS.

Separately, CIBC upped their price objective on shares of West Fraser Timber from C$164.00 to C$171.00 in a research report on Wednesday, January 15th.

West Fraser Timber Stock Performance

TSE:WFG opened at C$132.12 on Wednesday. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 2.33. West Fraser Timber has a fifty-two week low of C$100.84 and a fifty-two week high of C$141.27. The company has a market cap of C$10.32 billion, a price-to-earnings ratio of 57.95 and a beta of 2.03. The stock has a fifty day moving average price of C$128.57 and a 200-day moving average price of C$123.94.

West Fraser Timber (TSE:WFG) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported C($1.41) EPS for the quarter, missing analysts’ consensus estimates of C($0.62) by C($0.79). The company had revenue of C$1.96 billion for the quarter, compared to the consensus estimate of C$2.01 billion. West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%.

West Fraser Timber Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, December 27th. West Fraser Timber’s payout ratio is presently 75.88%.

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.