Raymond James Financial Estimates TSE:WEF FY2025 Earnings

Western Forest Products Inc. (TSE:WEF) – Raymond James Financial lowered their FY2025 earnings per share estimates for shares of Western Forest Products in a research report issued on Wednesday, November 5th. Raymond James Financial analyst D. Swetlishoff now forecasts that the company will post earnings per share of ($7.99) for the year, down from their previous estimate of ($3.97). The consensus estimate for Western Forest Products’ current full-year earnings is $0.00 per share.

Separately, Scotiabank boosted their target price on shares of Western Forest Products to C$15.00 in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$13.38.

Western Forest Products Price Performance

Shares of WEF opened at C$11.09 on Monday. The firm has a market cap of C$117.09 million, a PE ratio of -1.80, a price-to-earnings-growth ratio of 0.32 and a beta of 0.71. Western Forest Products has a 52-week low of C$10.80 and a 52-week high of C$14.70. The business’s 50 day moving average price is C$12.27 and its two-hundred day moving average price is C$12.24. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04.

Insider Activity at Western Forest Products

In other Western Forest Products news, insider Kernwood Limited acquired 2,600 shares of Western Forest Products stock in a transaction that occurred on Thursday, November 6th. The stock was acquired at an average cost of C$11.55 per share, for a total transaction of C$30,030.00. Following the purchase, the insider owned 1,791,200 shares of the company’s stock, valued at approximately C$20,688,360. This represents a 0.15% increase in their ownership of the stock. Also, Director Elizabeth Kernaghan bought 2,600 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were bought at an average price of C$11.55 per share, for a total transaction of C$30,030.00. Following the transaction, the director owned 1,791,200 shares of the company’s stock, valued at approximately C$20,688,360. This represents a 0.15% increase in their ownership of the stock. In the last three months, insiders bought 218,400 shares of company stock worth $2,625,056. Insiders own 0.67% of the company’s stock.

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.