West Fraser Timber (TSE:WFT) will post its quarterly earnings results after the market closes on Wednesday, April 25th.
West Fraser Timber (TSE:WFT) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$2.58 earnings per share for the quarter. The company had revenue of C$1.38 billion for the quarter. West Fraser Timber had a net margin of 15.04% and a return on equity of 31.45%.
Shares of WFT traded up C$1.19 during mid-day trading on Tuesday, reaching C$94.22. The company had a trading volume of 63,956 shares, compared to its average volume of 277,880. West Fraser Timber has a fifty-two week low of C$55.67 and a fifty-two week high of C$94.82.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Tuesday, April 3rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Friday, March 16th. This is a positive change from West Fraser Timber’s previous quarterly dividend of $0.11.
A number of equities analysts have weighed in on the stock. CIBC lifted their price target on shares of West Fraser Timber from C$113.00 to C$115.00 in a report on Tuesday, April 17th. Raymond James lifted their price target on shares of West Fraser Timber from C$97.00 to C$120.00 in a report on Tuesday, April 10th. TD Securities lifted their price target on shares of West Fraser Timber from C$87.00 to C$91.00 and gave the company a “hold” rating in a report on Friday, February 16th. BMO Capital Markets lifted their price target on shares of West Fraser Timber from C$74.00 to C$76.00 in a report on Friday, February 16th. Finally, Royal Bank of Canada lifted their price target on shares of West Fraser Timber from C$80.00 to C$90.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. West Fraser Timber has a consensus rating of “Hold” and a consensus target price of C$96.17.
In other West Fraser Timber news, Director Gillian Winckler bought 750 shares of West Fraser Timber stock in a transaction that occurred on Tuesday, March 27th. The shares were acquired at an average price of C$83.34 per share, for a total transaction of C$62,505.00. Also, insider James A. Pattison sold 11,100 shares of West Fraser Timber stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$89.48, for a total transaction of C$993,228.00.
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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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