West Fraser Timber (WFG) to Release Earnings on Wednesday

West Fraser Timber (NYSE:WFG) is anticipated to issue its quarterly earnings data 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 Stock Performance

NYSE WFG opened at $84.55 on Wednesday. West Fraser Timber has a 52 week low of $73.91 and a 52 week high of $102.40. The stock has a fifty day moving average of $89.36 and a 200-day moving average of $90.70. The stock has a market capitalization of $6.57 billion, a P/E ratio of -66.05 and a beta of 1.22.

West Fraser Timber Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, December 27th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, December 27th. This is a positive change from West Fraser Timber’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 1.51%. West Fraser Timber’s payout ratio is currently -100.00%.

Wall Street Analysts Forecast Growth

WFG has been the topic of several recent analyst reports. Scotiabank reduced their target price on West Fraser Timber from $120.00 to $109.00 and set a “sector outperform” rating on the stock in a report on Monday. BMO Capital Markets lifted their target price on West Fraser Timber from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Raymond James reduced their target price on West Fraser Timber from $120.00 to $115.00 in a report on Thursday, January 30th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, West Fraser Timber presently has an average rating of “Buy” and a consensus 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.