Earnings per share of $6.99 expected for West Fraser Timber Co. Ltd. (NYSE: WFG) this quarter

Stock analysts expect West Fraser Timber Co. Ltd. (NYSE: WFG- Get a rating) will post earnings per share (EPS) of $6.99 for the current quarter, according to Zacks Investment Research. Zero analysts have made earnings estimates for West Fraser Timber. West Fraser Timber reported earnings per share of $12.32 in the same quarter last year, suggesting a negative 43.3% year-over-year growth rate. The company is due to release its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect West Fraser Timber to report annual earnings of $25.02 per share for the current fiscal year. For next year, analysts expect the company to post earnings of $13.74 per share. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side research firms that provide coverage for West Fraser Timber.

West Fraser Timber (NYSE: WFG – Get a rating) last announced its quarterly results on Thursday, April 28. The company reported EPS of $10.25 for the quarter, beating the consensus estimate of $7.84 by $2.41. The company posted revenue of $3.11 billion for the quarter, versus analyst estimates of $3.83 billion. West Fraser Timber had a return on equity of 42.84% and a net margin of 29.88%. The company’s quarterly revenue increased 32.7% year over year. In the same quarter a year earlier, the company posted EPS of $6.96.

WFG has been the subject of several research analyst reports. Zacks Investment Research downgraded West Fraser Timber from a “buy” rating to a “hold” rating in a Wednesday, May 25, report. TD Securities lowered its target price on shares of West Fraser Timber from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, April 12. Finally, Scotiabank raised its price target on shares of West Fraser Timber from C$143.00 to C$147.00 in a Wednesday, Feb. 16 research note. One research analyst gave the stock a hold rating, four gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $133.93.

Major investors have recently increased or reduced their stake in the company. Eaton Vance Management bought a new position in West Fraser Timber during Q1 worth approximately $332,000. EHP Funds Inc. acquired a new stake in West Fraser Timber in the first quarter valued at $8,220,000. Evergreen Capital Management LLC purchased a new stake in shares of West Fraser Timber during the first quarter at a value of $5,301,000. GRS Advisors LLC increased its stake in shares of West Fraser Timber by 27.7% during the first quarter. GRS Advisors LLC now owns 293,596 shares of the company valued at $24,201,000 after purchasing an additional 63,652 shares during the period. Finally, 1832 Asset Management LP increased its stake in West Fraser Timber by 158,797.0% in the first quarter. 1832 Asset Management LP now owns 158,897 shares of the company valued at $12,912,000 after purchasing an additional 158,797 shares in the last quarter. 74.44% of the shares are currently held by hedge funds and other institutional investors.

Shares of WFG traded at $4.81 at midday on Friday, hitting $94.26. The company’s stock had a trading volume of 1,000,563 shares, compared to an average trading volume of 344,131 shares. The company has a 50-day simple moving average of $85.40 and a 200-day simple moving average of $89.97. The company has a market capitalization of $9.37 billion, a P/E ratio of 3.15 and a beta of -0.32. West Fraser Timber has a 1-year low of $64.72 and a 1-year high of $102.61. The company has a current ratio of 3.55, a quick ratio of 2.35 and a debt ratio of 0.06.

Company Profile West Fraser Timber (Get a rating)

West Fraser Timber Co Ltd., a diversified wood products company, is engaged in the manufacture, sale, marketing and distribution of lumber, engineered wood products, pulp, newsprint, wood chips and other residues and renewable energy. It offers spruce-pine-fir and southern yellow pine lumber, treated wood products, medium-density fiberboard and plywood, oriented strand board and laminated veneer wood products.

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