FY2024 Earnings Estimate for TSE:WEF Issued By Raymond James

Western Forest Products Inc. (TSE:WEF) – Stock analysts at Raymond James boosted their FY2024 EPS estimates for Western Forest Products in a research note issued on Monday, January 20th. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings per share of ($0.12) for the year, up from their previous forecast 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.

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

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

Western Forest Products Trading Down 3.4 %

Shares of WEF stock opened at C$0.42 on Wednesday. The company has a current ratio of 2.97, a quick ratio of 0.73 and a debt-to-equity ratio of 18.43. The stock has a market capitalization of C$133.04 million, a price-to-earnings ratio of -3.00, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. Western Forest Products has a 12-month low of C$0.39 and a 12-month high of C$0.72. The stock’s 50-day moving average price is C$0.43 and its 200-day moving average price is C$0.45.

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.