West Fraser Timber (TSE:WFT) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 23rd.
West Fraser Timber (TSE:WFT) last announced its earnings results on Thursday, July 19th. The company reported C$5.19 EPS for the quarter. West Fraser Timber had a return on equity of 31.45% and a net margin of 15.04%. The business had revenue of C$1.83 billion during the quarter.
Shares of West Fraser Timber stock opened at C$66.85 on Friday. West Fraser Timber has a 12 month low of C$60.44 and a 12 month high of C$97.99.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 9th. Shareholders of record on Tuesday, October 9th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from West Fraser Timber’s previous quarterly dividend of $0.15.
A number of equities analysts have commented on the company. CIBC increased their target price on West Fraser Timber from C$110.00 to C$112.00 in a report on Thursday, July 12th. TD Securities raised West Fraser Timber from a “hold” rating to a “buy” rating and increased their target price for the company from C$99.00 to C$102.00 in a report on Monday, July 23rd. Finally, BMO Capital Markets reduced their target price on West Fraser Timber from C$82.00 to C$68.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$93.67.
In related news, insider Jr. Charles Henry Watkins purchased 600 shares of the company’s stock in a transaction dated Tuesday, July 24th. The stock was acquired at an average cost of C$62.44 per share, for a total transaction 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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