FY2024 Earnings Forecast for TSE:WEF Issued By Raymond James

Western Forest Products Inc. (TSE:WEF) – Equities researchers at Raymond James upped their FY2024 EPS estimates for Western Forest Products in a research note issued to investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now forecasts that the company will earn ($0.12) per share for the year, up from their prior estimate of ($0.15). The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share. Raymond James also issued estimates for Western Forest Products’ FY2025 earnings at ($0.15) EPS and FY2026 earnings at ($0.10) EPS.

Separately, TD Securities cut their price target on shares of Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a report on Friday, November 8th.

Western Forest Products Trading Up 1.2 %

Shares of TSE WEF opened at C$0.43 on Wednesday. The stock has a market cap of C$134.62 million, a price-to-earnings ratio of -3.04, a PEG ratio of 0.32 and a beta of 1.81. The business has a 50 day simple moving average of C$0.43 and a 200 day simple moving average of C$0.45. 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 52 week low of C$0.39 and a 52 week high of C$0.72.

Western Forest Products (TSE:WEF) last issued its earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.03). Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. The firm had revenue of C$241.70 million during the quarter, compared to analyst estimates of C$242.00 million.

About Western Forest Products

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.