What is Raymond James’ Estimate for TSE:WEF FY2024 Earnings?

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

Separately, TD Securities dropped their price objective on Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a research note on Friday, November 8th.

Western Forest Products Stock Up 1.2 %

WEF opened at C$0.43 on Wednesday. Western Forest Products has a one year low of C$0.39 and a one year high of C$0.72. 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’s fifty day moving average is C$0.43 and its 200-day moving average is C$0.45. The company has a market capitalization of C$136.20 million, a PE ratio of -3.07, a P/E/G ratio of 0.32 and a beta of 1.81.

Western Forest Products (TSE:WEF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$241.70 million during the quarter, compared to the consensus estimate of C$242.00 million.

Western Forest Products Company Profile

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.