What is Raymond James’ Forecast for TSE:WFG FY2024 Earnings?

West Fraser Timber Co. Ltd. (TSE:WFG) – Raymond James increased their FY2024 earnings per share estimates for shares of West Fraser Timber in a note issued to investors on Monday, January 20th. Raymond James analyst D. Swetlishoff now anticipates that the company will earn $2.29 per share 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 raised their price target on West Fraser Timber from C$164.00 to C$171.00 in a research note on Wednesday, January 15th.

West Fraser Timber Price Performance

Shares of TSE:WFG opened at C$130.53 on Wednesday. The business has a fifty day simple moving average of C$128.67 and a 200-day simple moving average of C$124.04. West Fraser Timber has a 52 week low of C$100.84 and a 52 week high of C$141.27. The company has a market cap of C$10.19 billion, a P/E ratio of 57.25 and a beta of 2.03. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 7.39.

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

West Fraser Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, January 14th were issued a $0.32 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. West Fraser Timber’s dividend payout ratio (DPR) 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.