West Fraser Timber (TSE:WFG) Announces Quarterly Earnings Results

West Fraser Timber (TSE:WFG) issued its earnings results on Wednesday. The company reported C($1.11) EPS for the quarter, FiscalAI reports. The firm had revenue of C$2.04 billion during the quarter. West Fraser Timber had a negative net margin of 22.93% and a negative return on equity of 23.22%.

West Fraser Timber Stock Down 1.4%

WFG traded down C$1.37 during trading on Wednesday, hitting C$93.59. The company had a trading volume of 136,063 shares, compared to its average volume of 172,844. The company has a market capitalization of C$7.33 billion, a PE ratio of -6.26 and a beta of 1.13. West Fraser Timber has a one year low of C$80.38 and a one year high of C$106.41. The firm’s 50-day moving average price is C$94.70 and its 200 day moving average price is C$92.35. The company has a quick ratio of 2.10, a current ratio of 1.84 and a debt-to-equity ratio of 9.37.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Raymond James Financial lowered shares of West Fraser Timber from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 23rd. Canadian Imperial Bank of Commerce dropped their price objective on West Fraser Timber from C$102.00 to C$100.00 in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$96.50.

West Fraser Timber Company Profile

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.