Western Forest Products (WEF) to Release Earnings on Wednesday

Western Forest Products (TSE:WEF) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Western Forest Products to post earnings of C($0.01) per share for the quarter.

Western Forest Products (TSE:WEF) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C($0.01) EPS for the quarter, beating the consensus estimate of C($0.03) by C$0.02. The business had revenue of C$309.50 million during the quarter, compared to the consensus estimate of C$258.00 million. Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%.

Western Forest Products Stock Performance

TSE WEF opened at C$0.51 on Wednesday. The firm’s fifty day moving average price is C$0.48 and its two-hundred day moving average price is C$0.49. The stock has a market cap of C$161.54 million, a PE ratio of -3.57, a PEG ratio of 0.32 and a beta of 1.81. The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97. Western Forest Products has a fifty-two week low of C$0.41 and a fifty-two week high of C$0.81.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. TD Securities dropped their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a research note on Tuesday, July 23rd. Royal Bank of Canada lowered their target price on Western Forest Products from C$0.80 to C$0.70 in a research report on Thursday, July 11th. Finally, CIBC reduced their price target on Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th.

About Western Forest Products

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.