West Fraser Timber (TSE:WFT) is set to post its quarterly earnings results before the market opens on Tuesday, October 23rd.
West Fraser Timber (TSE:WFT) last posted its earnings results on Thursday, July 19th. The company reported C$5.19 earnings per share (EPS) for the quarter. The company had revenue of C$1.83 billion for the quarter. West Fraser Timber had a return on equity of 31.45% and a net margin of 15.04%.
WFT stock opened at C$64.64 on Tuesday. West Fraser Timber has a 1 year low of C$62.84 and a 1 year high of C$97.99.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 9th. Shareholders of record on Tuesday, October 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. This is a boost from West Fraser Timber’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, September 24th.
A number of research analysts have recently commented on the company. CIBC lowered their price target on West Fraser Timber from C$97.00 to C$82.00 in a report on Monday. TD Securities raised West Fraser Timber from a “hold” rating to a “buy” rating and raised their price target for the company from C$99.00 to C$102.00 in a report on Monday, July 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. West Fraser Timber presently has a consensus rating of “Hold” and an average target price of C$95.00.
In other West Fraser Timber news, insider Jr. Charles Henry Watkins purchased 600 shares of the stock in a transaction dated Tuesday, July 24th. The shares were bought at an average cost of C$62.44 per share, with a total value of C$37,464.00.
West Fraser Timber Company Profile
West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce/pine/fir and southern yellow pine lumber, as well as newsprint, wood chips, and lignin. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.
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