West Fraser Timber (WFG) Projected to Post Quarterly Earnings on Wednesday

West Fraser Timber (NYSE:WFG) will likely be announcing its earnings results 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 Price Performance

Shares of WFG opened at $85.87 on Tuesday. West Fraser Timber has a one year low of $73.91 and a one year high of $102.40. The company has a market cap of $6.67 billion, a PE ratio of -67.09 and a beta of 1.22. The stock has a 50-day moving average of $88.40 and a 200-day moving average of $90.83.

West Fraser Timber Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, December 27th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Friday, December 27th. This is a boost from West Fraser Timber’s previous quarterly dividend of $0.24. West Fraser Timber’s dividend payout ratio (DPR) is -100.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WFG shares. Raymond James lowered their target price on shares of West Fraser Timber from $120.00 to $115.00 in a report on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of West Fraser Timber from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Scotiabank decreased their price target on shares of West Fraser Timber from $120.00 to $109.00 and set a “sector outperform” rating for the company in a research note on Monday, February 3rd. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, West Fraser Timber currently has a consensus 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.