Scotiabank Has Bullish Estimate for TSE:WEF Q4 Earnings

Western Forest Products Inc. (TSE:WEFFree Report) – Equities research analysts at Scotiabank lifted their Q4 2024 earnings estimates for shares of Western Forest Products in a report released on Tuesday, January 21st. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of ($0.02) for the quarter, up from their prior estimate of ($0.05). The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share.

A number of other research firms have also weighed in on WEF. TD Securities dropped their price objective on shares of Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a research note on Friday, November 8th. Raymond James reduced their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a research note on Tuesday.

View Our Latest Stock Analysis on Western Forest Products

Western Forest Products Trading Up 1.2 %

TSE WEF opened at C$0.43 on Thursday. The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73. 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 stock has a market capitalization of C$136.20 million, a P/E ratio of -3.07, a P/E/G ratio of 0.32 and a beta of 1.81. Western Forest Products has a one year low of C$0.39 and a one year high of C$0.72.

Western Forest Products (TSE:WEFGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$241.70 million for the quarter, compared to analyst estimates of C$242.00 million.

Western Forest Products Company Profile

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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.

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