FY2024 Earnings Estimate for TSE:WEF Issued By Raymond James

Western Forest Products Inc. (TSE:WEF) – Investment analysts at Raymond James increased their FY2024 earnings per share (EPS) estimates for Western Forest Products in a research note issued on Thursday, November 7th. Raymond James analyst D. Swetlishoff now anticipates that the company will post earnings of ($0.15) per share for the year, up from their prior forecast of ($0.17). The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share.

Western Forest Products (TSE:WEF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate 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.

Other equities research analysts also recently issued research reports about the company. CIBC dropped their price objective on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, July 18th. TD Securities lowered 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 research note on Friday, November 8th.

Western Forest Products Stock Performance

Shares of Western Forest Products stock opened at C$0.47 on Monday. The firm has a fifty day moving average of C$0.49 and a two-hundred day moving average of C$0.48. The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97. The stock has a market capitalization of C$147.29 million, a price-to-earnings ratio of -3.18, a PEG ratio of 0.32 and a beta of 1.81. Western Forest Products has a 52 week low of C$0.41 and a 52 week high of C$0.77.

About Western Forest Products

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.