West Fraser Timber (WFG) Set to Announce Earnings on Wednesday

West Fraser Timber (NYSE:WFGGet Free Report) will release its earnings data after the market closes on Wednesday, February 14th. Analysts expect West Fraser Timber to post earnings of $2.67 per share for the quarter.

West Fraser Timber Stock Up 0.7 %

Shares of WFG opened at $78.84 on Tuesday. The company has a market capitalization of $6.26 billion, a P/E ratio of -55.91 and a beta of 1.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.51 and a quick ratio of 2.47. West Fraser Timber has a one year low of $64.11 and a one year high of $90.17. The business’s 50 day simple moving average is $81.63 and its 200-day simple moving average is $76.32.

West Fraser Timber Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, December 28th. West Fraser Timber’s dividend payout ratio is -85.11%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WFG. Raymond James lifted their price target on West Fraser Timber from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 6th. Scotiabank set a $100.00 price target on shares of West Fraser Timber and gave the company an “outperform” rating in a research report on Monday, January 22nd. Royal Bank of Canada lowered their price objective on shares of West Fraser Timber from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, December 19th. Finally, TheStreet raised shares of West Fraser Timber from a “d+” rating to a “c” rating in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $103.75.

Get Our Latest Analysis on West Fraser Timber

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. bought a new position in shares of West Fraser Timber in the fourth quarter worth approximately $237,000. UBS Group AG increased its stake in West Fraser Timber by 4.6% in the 4th quarter. UBS Group AG now owns 61,450 shares of the company’s stock worth $5,259,000 after buying an additional 2,684 shares during the period. Janney Montgomery Scott LLC purchased a new position in West Fraser Timber in the 4th quarter worth about $209,000. Morgan Stanley increased its stake in West Fraser Timber by 34.0% in the 3rd quarter. Morgan Stanley now owns 254,386 shares of the company’s stock worth $18,453,000 after buying an additional 64,530 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in West Fraser Timber by 16.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 342,383 shares of the company’s stock worth $24,836,000 after buying an additional 47,925 shares during the period. 46.23% of the stock is owned by hedge funds and other institutional investors.

About West Fraser Timber

(Get Free Report)

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 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.

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Earnings History for West Fraser Timber (NYSE:WFG)

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