West Fraser Timber (WFG) Projected to Post Quarterly Earnings on Wednesday

West Fraser Timber (NYSE:WFG) is anticipated to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of ($0.55) per share and revenue of $1.41 billion for the quarter.

West Fraser Timber Price Performance

Shares of NYSE WFG opened at $85.87 on Tuesday. West Fraser Timber has a one year low of $73.91 and a one year high of $102.40. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of -67.09 and a beta of 1.22. The stock’s fifty day moving average price is $88.40 and its two-hundred day moving average price is $90.83.

West Fraser Timber Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, December 27th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from West Fraser Timber’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a dividend yield of 1.49%. West Fraser Timber’s dividend payout ratio is -100.00%.

Wall Street Analysts Forecast Growth

WFG has been the subject of a number of recent analyst reports. Scotiabank cut their target price on West Fraser Timber from $120.00 to $109.00 and set a “sector outperform” rating for the company in a research report on Monday, February 3rd. BMO Capital Markets upped their target price on West Fraser Timber from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Raymond James decreased their price target on West Fraser Timber from $120.00 to $115.00 in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $111.40.

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.