West Fraser Timber (NYSE:WFG – Get Free Report) announced its earnings results on Tuesday. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.48, Briefing.com reports. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.47 billion. West Fraser Timber had a negative net margin of 1.39% and a positive return on equity of 2.35%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.52) EPS.
West Fraser Timber Stock Down 0.1 %
NYSE:WFG traded down $0.09 during trading hours on Friday, hitting $78.80. The stock had a trading volume of 14,695 shares, compared to its average volume of 144,010. The business has a 50 day simple moving average of $81.42 and a two-hundred day simple moving average of $78.70. West Fraser Timber has a 1-year low of $64.11 and a 1-year high of $90.17. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03. The company has a market cap of $6.26 billion, a PE ratio of -65.21 and a beta of 1.15.
West Fraser Timber Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 14th. West Fraser Timber’s dividend payout ratio is presently -49.59%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on WFG
West Fraser Timber Company Profile
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, douglas fir-larch, hem-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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