West Fraser Timber (NYSE:WFG – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.87), Yahoo Finance reports. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. West Fraser Timber had a return on equity of 3.83% and a net margin of 2.23%. During the same quarter in the prior year, the firm posted $1.81 EPS.
West Fraser Timber Price Performance
Shares of NYSE:WFG traded up $1.93 on Friday, reaching $97.43. 293,765 shares of the company were exchanged, compared to its average volume of 160,060. The company has a current ratio of 2.33, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03. West Fraser Timber has a 1-year low of $64.11 and a 1-year high of $102.40. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of -80.89 and a beta of 1.16. The company has a 50-day moving average of $92.90 and a 200-day moving average of $84.40.
West Fraser Timber Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.237 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 0.97%. West Fraser Timber’s dividend payout ratio (DPR) is presently -77.69%.
Analyst Ratings Changes
Check Out Our Latest Report on WFG
About West Fraser Timber
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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