What is Scotiabank’s Forecast for WFG Q4 Earnings?

West Fraser Timber Co. Ltd. (NYSE:WFG) – Analysts at Scotiabank issued their Q4 2024 EPS estimates for West Fraser Timber in a research report issued to clients and investors on Tuesday, January 21st. Scotiabank analyst B. Isaacson anticipates that the company will post earnings of $0.06 per share for the quarter. Scotiabank currently has a “Sector Outperform” rating and a $120.00 price objective on the stock. The consensus estimate for West Fraser Timber’s current full-year earnings is $0.95 per share.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.87). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. West Fraser Timber had a negative net margin of 1.53% and a positive return on equity of 0.53%. During the same quarter last year, the company posted $1.81 EPS.

A number of other equities analysts have also weighed in on WFG. BMO Capital Markets increased 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. Raymond James cut West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating and lowered their price objective for the stock from $120.00 to $115.00 in a research report on Monday. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, West Fraser Timber currently has a consensus rating of “Buy” and a consensus price target of $113.60.

West Fraser Timber Stock Down 1.4 %

Shares of WFG stock opened at $90.75 on Wednesday. West Fraser Timber has a 12-month low of $73.91 and a 12-month high of $102.40. The company has a market capitalization of $7.05 billion, a PE ratio of -70.90 and a beta of 1.22. The firm has a 50 day moving average price of $90.53 and a two-hundred day moving average price of $89.92.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FMR LLC lifted its position in West Fraser Timber by 22.5% during the third quarter. FMR LLC now owns 1,447,823 shares of the company’s stock worth $141,047,000 after purchasing an additional 266,298 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of West Fraser Timber by 37.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 939,079 shares of the company’s stock worth $91,429,000 after acquiring an additional 254,220 shares during the period. Van ECK Associates Corp lifted its holdings in shares of West Fraser Timber by 4,057.8% during the 3rd quarter. Van ECK Associates Corp now owns 193,752 shares of the company’s stock worth $18,321,000 after acquiring an additional 189,092 shares during the period. Cerity Partners LLC boosted its position in shares of West Fraser Timber by 128.0% during the 3rd quarter. Cerity Partners LLC now owns 247,400 shares of the company’s stock worth $24,087,000 after acquiring an additional 138,871 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in West Fraser Timber in the third quarter valued at approximately $12,370,000. Institutional investors own 40.23% of the company’s stock.

West Fraser Timber Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, December 27th were issued a dividend of $0.32 per share. 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 dividend yield of 1.41%. The ex-dividend date was Friday, December 27th. West Fraser Timber’s dividend payout ratio is -100.00%.

About West Fraser Timber

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.