Analysts Offer Predictions for WFG Q4 Earnings

West Fraser Timber Co. Ltd. (NYSE:WFG) – Equities research analysts at Scotiabank issued their Q4 2024 earnings per share estimates for shares of West Fraser Timber in a report issued on Tuesday, January 21st. Scotiabank analyst B. Isaacson forecasts that the company will post earnings of $0.06 per share for the quarter. Scotiabank currently has a “Sector Outperform” rating and a $120.00 price target on the stock. The consensus estimate for West Fraser Timber’s current full-year earnings is $0.95 per share.

West Fraser Timber (NYSE:WFG) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.87). West Fraser Timber had a negative net margin of 1.53% and a positive return on equity of 0.53%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $1.81 EPS.

Several other analysts also recently issued reports on the company. BMO Capital Markets lifted their price target on West Fraser Timber from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Raymond James lowered West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating and dropped their target price for the company from $120.00 to $115.00 in a research report on Monday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, West Fraser Timber has a consensus rating of “Buy” and an average target price of $113.60.

West Fraser Timber Stock Down 1.4 %

Shares of NYSE:WFG opened at $90.75 on Wednesday. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of -70.90 and a beta of 1.22. West Fraser Timber has a 12 month low of $73.91 and a 12 month high of $102.40. The company’s fifty day simple moving average is $90.53 and its 200 day simple moving average is $89.92.

Institutional Trading of West Fraser Timber

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ensign Peak Advisors Inc bought a new position in West Fraser Timber in the second quarter valued at approximately $44,000. Signaturefd LLC boosted its holdings in shares of West Fraser Timber by 77.4% in the 3rd quarter. Signaturefd LLC now owns 880 shares of the company’s stock valued at $86,000 after buying an additional 384 shares during the last quarter. US Bancorp DE grew its stake in shares of West Fraser Timber by 82.9% in the third quarter. US Bancorp DE now owns 1,284 shares of the company’s stock valued at $125,000 after buying an additional 582 shares in the last quarter. D.B. Root & Company LLC acquired a new position in West Fraser Timber during the third quarter worth $223,000. Finally, Quantinno Capital Management LP bought a new stake in West Fraser Timber during the third quarter worth $258,000. Institutional investors and hedge funds own 40.23% of the company’s stock.

West Fraser Timber Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, December 27th were issued a $0.32 dividend. This is a boost from West Fraser Timber’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.28 annualized dividend and a dividend yield of 1.41%. West Fraser Timber’s dividend payout ratio (DPR) is presently -100.00%.

About West Fraser Timber

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.